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BrendanOO7 BrendanOO7
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6 years ago
In the rat race model, workers competing for a promotion work more hours to signal that they are willing to work long hours. What is unusual is that even those who like to work long hours end up working even longer hours. Why is this?
A) They are more risk-averse.
B) They need to outdo workers who don't like long hours but are willing to work temporarily long hours to get the promotion.
C) Their excess work is an example of moral hazard.
D) They find that excessive work hours are enjoyable and healthy.
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Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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alanialani
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6 years ago
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BrendanOO7 Author
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6 years ago
this is exactly what I needed
sadiewolf
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Yesterday
You make an excellent tutor!
wyq2651
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2 hours ago
Thanks
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