The Employment Relationship: Difference between revisions
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====The employment relationship can be basically modeled as followed:==== | ====The employment relationship can be basically modeled as followed:==== | ||
<big>''y''=''y(he)''+ε </big> | <big>''y''=''y(he)''+ε </big> with y'>0 and y''<0 | ||
**Assumptions: | **Assumptions: | ||
*#''h'' = # of hours worked (assuming 1 hour per worker) | *#''h'' = # of hours worked (assuming 1 hour per worker) | ||
Revision as of 01:10, 22 April 2009
The employment relationship can be basically modeled as followed:
y=y(he)+ε with y'>0 and y<0
- Assumptions:
- h = # of hours worked (assuming 1 hour per worker)
