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政大典藏 > College of Social Science > Department of Public Finance > Periodical Articles > Item 140.119/22341

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/22341

Title:	A Labor Adverse Selection Model of Reducing Working Time
Authors:	林忠正;楊建成 Lin, Chung-cheng;Yang, C. C.
Keywords:	Workweeks;Studies;Adverse selection;Economic models;Economic theory;Public good;Pareto optimum;Working hours;Minimum wage
Date:	2003-03
Issue Date:	2009-01-06 15:25:36 (UTC+8)
Abstract:	This paper proposes a labor-adverse selection model where labor quality within an individual firm negatively depends upon the average working hours in the market. Under this setting, labor quality is a "pure public good" by nature, and the free market equilibrium will result in efficient allocation with underprovision. We show that shorter workweek regulations will increase the provision of the public good (labor quality, and the higher labor quality will increase firms` profits and employment. Shorter workweek regulations may therefore increase the firms` profits as well as the workers` employment and bring about a Pareto improvement.
Relation:	Journal of Post Keynesian Economics,25(3),515-524
Data Type:	article
Appears in Collections:	[Department of Public Finance] Periodical Articles

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