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WORKER ATTITUDES AND THE COST OF PRODUCTION: HYPOTHESIS TESTS IN AN EQUILIBRIUM MODEL
Author(s) -
Norsworthy J. R.,
Zabala CRAIG A.
Publication year - 1990
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1990.tb00803.x
Subject(s) - economics , production (economics) , productivity , function (biology) , estimation , econometrics , production function , microeconomics , index (typography) , computer science , macroeconomics , management , evolutionary biology , world wide web , biology
This paper extends the application of neoclassical production theory to include the effects of worker attitudes on productivity and cost of production, using data for the U.S. automobile industry. Behavioral indicators of worker attitudes are imbedded in a standard four‐input translog cost function. The coefficients of the imbedded function are determined in estimation of the cost function simultaneously with its share equations. Hypotheses concerning the effects of worker attitudes on the cost function are tested, and the properties of the index of worker attitude that emerge from the estimation are examined.