BELLMAN'S MODEL - THE KEY TO EFFICIENT USE OF WORKING TIME
https://doi.org/10.38050/2078-3809-2017-9-1-79-89
Abstract
The article presents a comparative analysis of cost effectiveness of labor activity with a short and long working day. The authors construct the theoretical model of a representative single labor choice, from which, without loss of generality, it follows that systematic overwork does not lead to an increase in aggregate output in comparison with the normal working regime. As a result from the model, the authors emphasize the recommendation to discourage overwork by strengthening relevant formal and informal institutions, such as a formal set of labor standards and rules and the company's corporate culture.
About the Authors
Alexey Semenkov
Lomonosov Moscow State University
Russian Federation
Russian Federation
Anthony Kolotusha
Lomonosov Moscow State University
Russian Federation
Russian Federation
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Review
For citations:
Semenkov A., Kolotusha A. BELLMAN'S MODEL - THE KEY TO EFFICIENT USE OF WORKING TIME. Scientific Research of Faculty of Economics. Electronic Journal. 2017;9(1):79-89. (In Russ.) https://doi.org/10.38050/2078-3809-2017-9-1-79-89
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