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Outside Options and Worker Motivation

Alexander AhammerMatthias FahnFlora Stiftinger

出版	Department of Economics, Johannes Kepler University of Linz, 2023
URL	http://books.google.com.hk/books?id=Mp8c0AEACAAJ&hl=&source=gbs_api

註釋

We study the relationship between outside options and workersâ€TM motivation to exert effort. We evaluate changes in outside options arising from age and experience cutoffs in the Austrian unemployment insurance (UI) system, and use absenteeism as a proxy for worker effort. Results indicate that a one-percent increase in the potential UI benefit duration increases absenteeism at the intensive margin by 0.28 percent. These results are consistent with a relational contracting model where effort is constrained by the future value of an employment relationship. This model further predicts that effort reductions are more pronounced if benefits assume a larger role in a workerâ€TMs outside option and if the perceived relationship value is small. Indeed, we find that our effects are stronger for workers with higher potential cost of unemployment, for older workers, in declining rather than in growing firms, in low-wage firms, and for women as well as workers with children.