Author: Mitali Das
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 302
Book Description
An Econometric Evaluation of Efficiency Wage Theories in Explaining Inter-industry Wage Differentials
Author: Mitali Das
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 302
Book Description
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 302
Book Description
Efficiency Wage Theories
Author:
Publisher:
ISBN:
Category : Wages
Languages : en
Pages :
Book Description
This paper surveys recent developments in the literature on efficiency wage theories of unemployment. Efficiency wage models have in common the property that in equilibrium firms may find it profitable to pay wages in excess of market clearing. High wages can help reduce turnover, elicit worker effort, prevent worker collective action, and attract higher quality employees. Simple versions of efficiency wage models can explain normal involuntary unemployment, segmented labor markets, and wage differentials across firms and industries for workers with similar productive characteristics. Deferred payment schemes andother labor market bonding mechanisms appear to be able to solve some efficiency wage problems without resultant job rationing and involuntary unemployment. A wide variety of evidence on inter-industry wage differences is analyzed. Efficiency wage models appear useful in explaining the observed pattern of wage differentials. The models also provide several potential mechanisms for cyclical fluctuations in response to aggregate demand shocks.
Publisher:
ISBN:
Category : Wages
Languages : en
Pages :
Book Description
This paper surveys recent developments in the literature on efficiency wage theories of unemployment. Efficiency wage models have in common the property that in equilibrium firms may find it profitable to pay wages in excess of market clearing. High wages can help reduce turnover, elicit worker effort, prevent worker collective action, and attract higher quality employees. Simple versions of efficiency wage models can explain normal involuntary unemployment, segmented labor markets, and wage differentials across firms and industries for workers with similar productive characteristics. Deferred payment schemes andother labor market bonding mechanisms appear to be able to solve some efficiency wage problems without resultant job rationing and involuntary unemployment. A wide variety of evidence on inter-industry wage differences is analyzed. Efficiency wage models appear useful in explaining the observed pattern of wage differentials. The models also provide several potential mechanisms for cyclical fluctuations in response to aggregate demand shocks.
Efficiency Wages, Inter-industry Wage Differentials, and the Returns to Ability
Author: McKinley L. Blackburn
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
Book Description
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
Book Description
Efficiency Wages and Industry Wage Differentials
Author: Paul Chen
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 48
Book Description
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 48
Book Description
Inter-industry Wage Differentials and the Role of Workers' Concern for Equity
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
A Theory of Inter-industry Wage Differentials
Author: Julio Rotemberg
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
Book Description
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
Book Description
Unobserved Ability, Efficiency Wages, and Interindustry Wage Differentials
Author: McKinley L. Blackburn
Publisher:
ISBN:
Category : Ability
Languages : en
Pages : 40
Book Description
Interindustry wage differentials in wage regressions estimated for individuals have been interpreted as evidence consistent with efficiency wage models. A principal competing explanation is that these differentials are generated by differences across workers in unobserved ability. This paper tests the unobserved ability hypothesis .by incorporating test scores into standard wage regressions as error-ridden indicators of unobserved ability. The results indicate that differences in unobserved ability explain relatively little of interindustry or interoccupation wage differentials.
Publisher:
ISBN:
Category : Ability
Languages : en
Pages : 40
Book Description
Interindustry wage differentials in wage regressions estimated for individuals have been interpreted as evidence consistent with efficiency wage models. A principal competing explanation is that these differentials are generated by differences across workers in unobserved ability. This paper tests the unobserved ability hypothesis .by incorporating test scores into standard wage regressions as error-ridden indicators of unobserved ability. The results indicate that differences in unobserved ability explain relatively little of interindustry or interoccupation wage differentials.
The efficiency wage theories and inter-industry wage differentials
Author: Bernhard Gahlen
Publisher:
ISBN:
Category : Wages
Languages : de
Pages : 28
Book Description
Publisher:
ISBN:
Category : Wages
Languages : de
Pages : 28
Book Description
The Efficiency Wage Theories and Inter-industry Wage Differentials
Author: Bernhard Gahlen
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Industry Wage Differentials, Efficiency Wages, and Method of Pay
Author: Paul Chen
Publisher:
ISBN:
Category : Bonuses (Employee fringe benefits)
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : Bonuses (Employee fringe benefits)
Languages : en
Pages : 40
Book Description