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(DP 1994-03) Effort Standards and the Velocity of Production: A Theory of Labor Time, and Wage Funds

UPSE Discussion Papers

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Title (DP 1994-03) Effort Standards and the Velocity of Production: A Theory of Labor Time, and Wage Funds
 
Creator Mehta, Nimai M.
 
Description A model of dual measures is proposed to explain the economic relevance of time for labor services. The paper investigates two significant temporal decisions of the firm with respect to wages and employment: the investment in labor-time and the use of a circulating wage fund to finance this investment. The use-efficiency of a firm's investment in labor-time and the cost of wage funds employed are shown to be detemined by variables, both internal and external to the firm besides effort supplied by its work force.
 
Publisher UPSE Discussion Papers
 
Contributor
 
Date 2010-08-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/190
 
Source UPSE Discussion Papers; 1994
 
Language eng
 
Relation http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/190/264