Absenteeism as a Mechanism for Approaching an Optimal Labor Market Equilibrium: An Empirical Study
研究工人是否通过缺勤来调整工作时长，以趋近个人最优均衡。基于公司记录数据，发现缺勤与工人边际替代率同工资的差异显著正相关。
This research examines absence as a response to a non-optimal labor market equilibrium. Its basic premise is that workers may be using absenteeism to move themselves closer to an optimal equilibrium in situations where, due to greater than desiredwork hours, the workers marginal rate of substitution of income for leisure (MRS) is less than the wage rate for the last hour worked. This notion is tested for a sample of workers using Tobit analysis with individual data from company records on absence and wages and an empirical measure of each worker's MRS. The results indicate a significant positive relationship between absence and the difference between a worker's MRS and wage.