Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Do Deferred Wages Eliminate The Need For Involuntary Unemployment As A Worker Discipline Device
Download Do Deferred Wages Eliminate The Need For Involuntary Unemployment As A Worker Discipline Device full books in PDF, epub, and Kindle. Read online Do Deferred Wages Eliminate The Need For Involuntary Unemployment As A Worker Discipline Device ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Do Deferred Wages Eliminate the Need for Involuntary Unemployment as a Worker Discipline Device? by : George A. Akerlof
Download or read book Do Deferred Wages Eliminate the Need for Involuntary Unemployment as a Worker Discipline Device? written by George A. Akerlof and published by . This book was released on 1987 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device? by : George A. Akerlof
Download or read book Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device? written by George A. Akerlof and published by . This book was released on 1986 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the most widely analyzed type of efficiency wage model of involuntary unemployment, firms pay wages in excess of market clearing to give workers an incentive not to shirk. Such payments in excess of market clearing and the resultant equilibrium unemployment act as a worker discipline device. This paper concerns what is usually considered the most important theoretical criticism of such models: the so-called bonding argument. The essence of the bonding critique is that contracts whereby workers pay a bond to the firm upon taking a job (or pay an employment fee to gain employment) can eliminate involuntary unemployment. Explicit upfront bonds are only quite rarely observed. A more subtle form of the bonding critique argues that implicit bonding through upward sloping wage profiles and other deferred payment schemes can perfectly substitute for upfront bonds in providing incentives not to shirk and thereby allow the labor market to clear. This paper shows that upward sloping wage profiles do not act as a perfect substitute for explicit bonds in a natural extension of the shirking model in which workers are finite lived, the monitoring of worker behaviors on the job is costly, and firms have reputations for honesty as employers. In the absence of direct upfront bonding, optimal payment schedules will be in excess of market clearing. The reason why upward sloping wage profiles that are market clearing will not generally be the optimal labor contract is simple: delayed payment may provide sufficient incentive to prevent shirking late in the life of the contract, but in the beginning of the contract it does not prevent shirking. And it turns out in a variety of stylized cases, it is cheaper for the firm to pay a wage premium rather than to accept worker shirking early in the contract. The implications of potential worker malfeasance in the absence of explicit bonds for compensation schedules, job assignments, and firm monitoring strategies over the course of a worker's career are also analyzed
Book Synopsis Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device? by :
Download or read book Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device? written by and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Advances in the Theory and Measurement of Unemployment by : Yoram Weiss
Download or read book Advances in the Theory and Measurement of Unemployment written by Yoram Weiss and published by Springer. This book was released on 1989-06-18 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of papers which analyzes and measures unemployment as a search activity, discusses efficiency wage models and which considers the impact of government and unions on employment and unemployment.
Book Synopsis Wages and Unemployment by : Pierre Picard
Download or read book Wages and Unemployment written by Pierre Picard and published by Cambridge University Press. This book was released on 1993 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fix-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wage models on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.
Book Synopsis Labor Markets and Employment Relationships by : Joyce Jacobsen
Download or read book Labor Markets and Employment Relationships written by Joyce Jacobsen and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis
Book Synopsis Business Cycles and Depressions by : David Glasner
Download or read book Business Cycles and Depressions written by David Glasner and published by Routledge. This book was released on 2013-12-16 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts define, review, and evaluate economic fluctuations Economic and business uncertainty dominate today's economic analyses. This new Encyclopedia illuminates the subject by offering 323 original articles on every major aspect of business cycles, fluctuations, financial crises, recessions, and depressions. The work of more than 200 experts, including many of the leading researchers in the field, the articles cover a broad range of subjects, including capsule biographies of leading economists born before 1920. Individual entries explore banking panics, the cobweb cycle, consumer durables, the depression of 1937-1938, Otto Eckstein, Friedrich Engels, experimental price bubbles, forced savings, lass-Steagall Act, Friedrich hagen, qualitative indicators, use of macro-econometric models, monetary neutrality, Phillips Curve, Paul Samuelson, Say's law, supply-side recessions, James Tokin, trend and random wages, Thorstein Veblen, worker-job turnover, and more.
Book Synopsis Empirical Specifications for a General Equilibrium Analysis of Labor Market Policies and Adjustments by : Andréa Maechler
Download or read book Empirical Specifications for a General Equilibrium Analysis of Labor Market Policies and Adjustments written by Andréa Maechler and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Record of the Association of the Bar of the City of New York by : Association of the Bar of the City of New York
Download or read book The Record of the Association of the Bar of the City of New York written by Association of the Bar of the City of New York and published by . This book was released on 1993 with total page 1120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Imperfect Labour Markets, the Stock Market and the Inefficiency of Capitalism by : Alan Manning
Download or read book Imperfect Labour Markets, the Stock Market and the Inefficiency of Capitalism written by Alan Manning and published by . This book was released on 1989 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Renegotiation and Symmetry in Repeated Games by : Dilip Abreu
Download or read book Renegotiation and Symmetry in Repeated Games written by Dilip Abreu and published by . This book was released on 1989 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Three Essays on Labor Markets and Institutions by : Marc A. Van Audenrode
Download or read book Three Essays on Labor Markets and Institutions written by Marc A. Van Audenrode and published by . This book was released on 1991 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economic Literature written by and published by . This book was released on 1990 with total page 1272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Osaka Economic Papers written by and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Gaps Between Farm and City by : T. J. Hatton
Download or read book Wage Gaps Between Farm and City written by T. J. Hatton and published by . This book was released on 1989 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis NBER Reporter by : National Bureau of Economic Research
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 1988 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Demand Side Efficiency Wages, Macroeconomics, International Trade, and Japan's Economic Success by : Keumdeok Shin
Download or read book Demand Side Efficiency Wages, Macroeconomics, International Trade, and Japan's Economic Success written by Keumdeok Shin and published by . This book was released on 1993 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
