LABOR AS A QUASI-FIXED FACTOR: Effect of Turnover on Employment Relationship I. Turnover from 2 perspectives II. Efficiency Wages as solution to turnover - PowerPoint PPT Presentation

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LABOR AS A QUASI-FIXED FACTOR: Effect of Turnover on Employment Relationship I. Turnover from 2 perspectives II. Efficiency Wages as solution to turnover

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No Disincentive for Worker Cheating: No Benefit to Worker to Renew Contract ... Both parties need surplus since both can cheat (firm can fire; worker can shirk) ... – PowerPoint PPT presentation

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