Coles, Melvyn G and Treble, John G (1996) Calculating the price of worker reliability. Labour Economics, 3 (2). pp. 169-188. DOI https://doi.org/10.1016/0927-5371(96)00008-5
Coles, Melvyn G and Treble, John G (1996) Calculating the price of worker reliability. Labour Economics, 3 (2). pp. 169-188. DOI https://doi.org/10.1016/0927-5371(96)00008-5
Coles, Melvyn G and Treble, John G (1996) Calculating the price of worker reliability. Labour Economics, 3 (2). pp. 169-188. DOI https://doi.org/10.1016/0927-5371(96)00008-5
Abstract
We show why variations in the rate of absenteeism might be expected as an equilibrium phenomenon. Managers may be content with a situation in which a large and stable proportion of their contracted workers do not attend work regularly. Further, we establish an equilibrium framework in which firms who require better attendance rates at work pay higher wages. In this way, we can attempt to explain some of the wage variation observed in the labour market, but, more importantly, we can provide a new vehicle for analysing the structure of absence rates across plants, across firms and across industries. The paper also introduces a measure of the cost of absenteeism that is a more useful guide to effective managerial action than the commonly used total cost concept.
Item Type: | Article |
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Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 04 Jan 2013 12:52 |
Last Modified: | 23 Oct 2024 06:13 |
URI: | http://repository.essex.ac.uk/id/eprint/4894 |