Construct · 1 fields · 1 citations

rat race: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
rat race1 CONSTRUCTRat raceAKERLOF · LABOR ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Labor economics

equilibrium in which workers signal ability by working faster or longer than they would prefer, because employers sort them by that observable effort.

In labor economics, rat race refers to equilibrium in which workers signal ability by working faster or longer than they would prefer, because employers sort them by that observable effort. This meaning comes from Akerlof (1976) in The Quarterly Journal of Economics.[1]

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Nearby constructs

effort2 fields · 2 citationsjingle · one word, two constructsequilibrium4 fields · 4 citationsjingle · one word, four constructslabor4 fields · 4 citationsjingle · one word, four constructs

References

  1. Akerlof, G. (1976). The Economics of Caste and of the Rat Race and Other Woeful Tales. The Quarterly Journal of Economics, 90(4), 599. https://doi.org/10.2307/1885324

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