A firm wants to offer paid sick leave to its workers, but it wants to encourage them
Question:
A firm wants to offer paid sick leave to its workers, but it wants to encourage them not to abuse it by being unnecessarily absent. The firm is considering two options:
a. Ten days of paid sick leave per year;
any unused leave days at the end of the year are converted to cash at the worker’s daily wage rate.
b. Ten days of paid sick leave per year; if no sick days are used for two consecutive years, the company agrees to buy the worker a $100,000 life insurance policy.
Compare the work-incentive effects of the two options, both immediately and in the long run.
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a b Absenteeism is one dimension of labor supply so the proposals must be analyzed using labor suppl...View the full answer
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Related Book For
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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