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Author : Janet Spitz
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (329 download)
Download or read book An Empirical Test of Efficiency Wage Theory written by Janet Spitz and published by . This book was released on 1989 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen L. Ross
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)
Download or read book Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages Based on Urban Economic Theory written by Stephen L. Ross and published by . This book was released on 2014 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent theoretical work has examined the spatial distribution of unemployment using the efficiency wage model as the mechanism by which unemployment arises in the urban economy. This paper extends the standard efficiency wage model in order to allow for behavioral substitution between leisure time at home and effort at work. In equilibrium, residing at a location with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at work and risk of unemployment. This model implies an empirical relationship between expected commutes and labor market outcomes, which is tested using the Public Use Microdata sample of the 2000 U.S. Decennial Census. The empirical results suggest that efficiency wages operate primarily for blue collar workers, i.e. workers who tend to be in occupations that face higher levels of supervision. For this subset of workers, longer commutes imply higher levels of unemployment and higher wages, which are both consistent with shirking and leisure being substitutable.
Author : Luis A. Riveros
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Efficiency Wage Theory, Labor Markets, and Adjustment written by Luis A. Riveros and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Efficiency wage theory suggests that wages (and hence labor markets) may be unresponsive to typical macroeconomic policies that seek to lower real wages, change resource allocation, and reduce open unemployment. Under this theory, firms will react to macroeconomic shocks by altering employment (laying workers off), not wages.
Author : Stephen A. Ross
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (123 download)
Download or read book Are Shirking and Leisure Substitutable? written by Stephen A. Ross and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrew Weiss
Publisher : Princeton University Press
ISBN 13 : 140086206X
Total Pages : 126 pages
Book Rating : 4.4/5 (8 download)
Download or read book Efficiency Wages written by Andrew Weiss and published by Princeton University Press. This book was released on 2014-07-14 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules affect the kinds of workers a firm employs and how well those workers perform on the job. Using straightforward examples, he demonstrates how efficiency-wage theory can explain labor market outcomes and guide government policy. There is a separate section of applications to less developed countries. "Efficiency-wage models represent one of the most important developments in economic theory of recent years. They have, at last, provided integrated explanations both of macroeconomic phenomena, such as unemployment and wage rigidity, and microeconomic phenomena, such as wage dispersion. Weiss--one of the pioneers of efficiency-wage theory--provides here a masterful survey, a lucid and systematic and yet critical account of this rapidly developing branch of economics. This book should be required reading in all courses in macroeconomics."--Joseph Stiglitz, Stanford University "Efficiency Wages should be on the bookshelf of all labor and macroeconomists."--Lawrence H. Summers, Harvard University "A splendid monograph ... most readable... I will put it on my reading list."--Partha Dasgupta, Stanford University Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author : Min-Hong Oh
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (75 download)
Download or read book A Study on the Trade-off Between Supervision and Wages written by Min-Hong Oh and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation investigates the applicability of the shirking version of efficiency wage models in Korea. Analyses is based on the Survey on Wage Structure in the 1980's and 1990's - using data collected in 1983, 1989, 1993, 1996, and 1999. Efficiency wage theory predicts a negative relationship between supervision and wages: employers may choose either to pay a wage premium or to increase the level of supervisory intensity to force workers to exert more effort. The relation between supervisory intensity, as measured by the ratio of supervisors to supervisees in a firm, and wages is explored. Interaction effects between supervisory intensity and employer characteristics on wages are also investigated in more detailed analyses. Finally, we explore whether supervisory intensity is able to explain inter-industry wage differentials. The evidence suggests that supervisory intensity is positively correlated with wages, implying the efficiency wage model is not applicable in Korea. Industrial interaction analysis shows weak evidence of efficiency wages in the social service sector, but there are no apparent patterns in other industries. In occupational interaction analysis, efficiency wages are paid to drivers and sales workers. Although supervisory intensity does not explain wage variation across industries, there are significant inter-industry wage differentials observed in Korea.
Author : M. Lever
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (594 download)
Download or read book Efficiency Wages and Unemployment written by M. Lever and published by . This book was released on 1993 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Ian Levine
Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.:/5 (23 download)
Download or read book Efficiency Wage Theories written by David Ian Levine and published by . This book was released on 1987 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marcel Hendrik Christinus Lever
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (95 download)
Download or read book Efficiency Wages and Unemployment written by Marcel Hendrik Christinus Lever and published by . This book was released on 1993 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : George A. Akerlof
Publisher : Cambridge University Press
ISBN 13 : 9780521312844
Total Pages : 196 pages
Book Rating : 4.3/5 (128 download)
Download or read book Efficiency Wage Models of the Labor Market written by George A. Akerlof and published by Cambridge University Press. This book was released on 1986-11-28 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors explore the reasons why involuntary unemployment happens when supply equals demand.
Author : Alan Manning
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.E/5 ( download)
Download or read book A Simple Test of the Shirking Model written by Alan Manning and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using on data from the 1987/88 UK Survey of Incomes In and Out of Work, proposes a simple test of one prominent version of the efficiency wage model, the shirking model of Shapiro and Stiglitz (1984) which focuses directly on the issue of whether involuntary unemployment exists or not.
Author : Sushil B. Wadhwani
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.E/5 ( download)
Download or read book A Direct Test of the Efficiency Wage Model Using UK Micro-data written by Sushil B. Wadhwani and published by . This book was released on 1988 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Susanne Ackum Agell
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.E/5 ( download)
Download or read book Swedish Evidence on the Efficiency Wage Hypothesis written by Susanne Ackum Agell and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Meghan Jo Millea
Publisher :
ISBN 13 :
Total Pages : 177 pages
Book Rating : 4.:/5 (391 download)
Download or read book A Direct Test of Efficiency Wage Theory written by Meghan Jo Millea and published by . This book was released on 1998 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Steven Gardner
Publisher : Emereo Publishing
ISBN 13 : 9781488867262
Total Pages : 50 pages
Book Rating : 4.8/5 (672 download)
Download or read book Efficiency Wage 36 Success Secrets - 36 Most Asked Questions on Efficiency Wage - What You Need to Know written by Steven Gardner and published by Emereo Publishing. This book was released on 2014-11-04 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New Efficiency Wage Guide That Will Give You ALL You Want To Know. There has never been a Efficiency Wage Guide like this. It contains 36 answers, much more than you can imagine; comprehensive answers and extensive details and references, with insights that have never before been offered in print. Get the information you need--fast! This all-embracing guide offers a thorough view of key knowledge and detailed insight. This Guide introduces what you want to know about Efficiency Wage. A quick look inside of some of the subjects covered: Job creation, Involuntary unemployment - Explanations, George Akerlof - Bibliography, Theory of the firm - Other models, Agency Theory, Principal-agent problem - Deferred compensation, Outline of economics - General economic concepts, History of macroeconomic thought - Efficiency wages, Efficiency - In economics, Paul Milgrom - Labor Markets, Union threat model, Market equilibrium - Interpretations, Opportunism - Economic opportunism, Types of unemployment, Index of economics articles - E, Efficiency wages - Overview, Employment Protection Legislation - On firm efficiency and profits, Compensating differential - Area characteristics, Market-clearing - On market clearing, JEL classification codes - Labor and demographic economics JEL: J Subcategories, New Keynesian economics - Microfoundations of price stickiness, Agency Theory - Employment contract, Principal-agent - Deferred compensation, Unemployed, Classical unemployment, Employment gap, Equilibrium (economics) - Interpretations, Feminist economics - Homo economicus, Unemployment rate, Efficiency wages - Labor turnover, Principal-agent problem, Cyclical unemployment, Union threat model - Empirical literature, Principal-agent problem - Deferred compensation, Efficiency wages - Shirking, History of macroeconomic thought - Labor market failures, and much more...
Author : Tobey Johanna Nemser
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (165 download)
Download or read book Monitoring Cost Induced Wage Differentials written by Tobey Johanna Nemser and published by . This book was released on 1987 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Maia Güell
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.E/5 ( download)
Download or read book Employment Protection and Unemployment in an Efficiency Wage Model written by Maia Güell and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
