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Title: Essays on the Application of Theory of Time to Labor Supply and Wages
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Nam, Sung Il |
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Essays on the Application of Theory of Time to Labor Supply and Wages Ph.D. Dissertation, University of Rochester, 1987 Cohort(s): Young Men, Young Women Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Absenteeism; Human Capital Theory; Husbands; Labor Supply; Sexual Division of Labor; Wage Gap; Wage Theory; Wives Absenteeism and Labor Supply: This paper develops an equilibrium model of absenteeism and labor contracts under the assumption that an individual's total discretionary time for which he has control is stochastic. Absenteeism is viewed as a reduction of labor supply due to the stochastic decrease in total discretionary time. The equilibrium absence rate is shown to be a function of preference, technology, and the distribution of a worker's discretionary time. The structure of the equilibrium contract depends on the amount of information available to the firm on the worker's discretionary time. Observability of Time and Full Paid Absenteeism: If discretionary time is observable by the firm, full wage payment for absence is possible as an insurance provision for the risk averse worker. However, the contract explicitly specifies a condition of absence in order to control absenteeism. The model explains the observed cross-sectional negative correlation between wage and absence rate as an exhibition of a negative compensating differential for increased absences. Division of Labor and Wages of Family Members - A Two Period Model: This paper develops a two period, family decision model in which labor supply and human capital investment of the husband and the wife are interdependently determined. The model demonstrates that family division of labor may not only decrease the growth of the wife's wage but also increase the growth of the husband's wage. Age Profile of Male-Female Wage Difference - An Evidence from Family Data: This paper investigates the validity of the "family side, human capital explanation" of the gender wage gap. Based on panel data of young married couples from the NLS, taken from the Young Men's cohort and Young Women's cohort during the period of 1969 through 1980, the empirical study finds that: (1) OJT investment is positively affected by prospective hours of work of family members; (2) Hours of work of the husband and wife are interdependent as substitutes; (3) Thus, the estimated investment profile predicts a steeper age-wage profile with greater concavity for the husband than for the wife. [UMI ADG88-10969] |
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Bibliography Citation
Nam, Sung Il. Essays on the Application of Theory of Time to Labor Supply and Wages. Ph.D. Dissertation, University of Rochester, 1987. |