Efficiency Wages

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Publisher : Princeton University Press
ISBN 13 : 140086206X
Total Pages : 126 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Efficiency Wages by : Andrew Weiss

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.

Efficiency Wages and Wage Dispersion

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Efficiency Wages and Wage Dispersion by : Ramana Ramaswamy

Download or read book Efficiency Wages and Wage Dispersion written by Ramana Ramaswamy and published by . This book was released on 1991 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Wage Dispersion

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Publisher : MIT Press
ISBN 13 : 9780262633192
Total Pages : 170 pages
Book Rating : 4.6/5 (331 download)

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Book Synopsis Wage Dispersion by : Dale Mortensen

Download or read book Wage Dispersion written by Dale Mortensen and published by MIT Press. This book was released on 2003 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.

Efficient Wage Dispersion

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (374 download)

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Book Synopsis Efficient Wage Dispersion by : Daron Acemoglu

Download or read book Efficient Wage Dispersion written by Daron Acemoglu and published by . This book was released on 1997 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Job Matching, Wage Dispersion, and Unemployment

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Publisher : Oxford University Press, USA
ISBN 13 : 0199233780
Total Pages : 219 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Job Matching, Wage Dispersion, and Unemployment by : Dale T. Mortensen

Download or read book Job Matching, Wage Dispersion, and Unemployment written by Dale T. Mortensen and published by Oxford University Press, USA. This book was released on 2011-04-28 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selection of key papers from the winners of the Nobel Memorial Prize 2010. It features their most important work on unemployment, labour market dynamics, and the equilibrium search model.

Efficiency Wage

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Publisher :
ISBN 13 :
Total Pages : 118 pages
Book Rating : 4.:/5 (265 download)

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Book Synopsis Efficiency Wage by : Andrew Weiss

Download or read book Efficiency Wage written by Andrew Weiss and published by . This book was released on 1991 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Residual Wage Dispersion with Efficiency Wages

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Residual Wage Dispersion with Efficiency Wages by : Suphanit Piyapromdee

Download or read book Residual Wage Dispersion with Efficiency Wages written by Suphanit Piyapromdee and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article extends a classic on-the-job search model of homogeneous workers and firms by introducing a shirking problem. Workers choose their effort levels and search on the job. Firms elicit effort through wages and monitoring; an inverse relationship between wages and monitoring rates is derived. Wages play a dual role by allocating labor supply and motivating employee effort. This gives rise to an equilibrium wage distribution that contrasts with existing literature. In particular, I show that a hump-shaped and positively skewed wage distribution, as observed empirically, can be derived even when firms and workers are, respectively, identical.

Wage Dispersion and Productive Efficiency

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Wage Dispersion and Productive Efficiency by : Douglas A. Hibbs

Download or read book Wage Dispersion and Productive Efficiency written by Douglas A. Hibbs and published by . This book was released on 1996 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Empirical Analysis of Wage Dispersion and Efficiency Wages

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Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (186 download)

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Book Synopsis An Empirical Analysis of Wage Dispersion and Efficiency Wages by : Mahmood Arai

Download or read book An Empirical Analysis of Wage Dispersion and Efficiency Wages written by Mahmood Arai and published by . This book was released on 1994 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Equilibrium Wage Distributions

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Equilibrium Wage Distributions by : Joseph E. Stiglitz

Download or read book Equilibrium Wage Distributions written by Joseph E. Stiglitz and published by . This book was released on 1984 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes equilibrium in labor markets with costly search. Even in steady state equilibrium, identical labor may receive different wages; this may be the case even when the only source of imperfect information is the inequality of wages which the market is perpetuating. When there are information imperfections arising from (symmetric)differences in non-pecuniary characteristics of jobs and preferences of individuals, there will not in general exist a full employment, zero profit single wage equilibrium. There are, in general, a multiplicity of equilbria. Equilibrium may be characterized by unemployment; in spite of the presence of an excess supply of labor, no firm is willing to hire workers at a lowerwage. It knows that if it does so, the quit rate will be higher, and hence turnover costs(training costs) will be higher, so much so that profits will actually be lower. The model thus provides a rationale for real wage rigidity. The model also provides a theory of equilibrium frictional unemployment. Though the constrained optimality (taking explicitly into account the costs associated with obtaining information and search) may entail unemployment and wage dispersion, the levels of unemployment and wage dispersion in the market equilibrium will not, in general, be (constrained) optimal.

Wage Dispersion, Unemployment and Solidarity in a Two Sector Model with Labour Unions and Efficiency Wages

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Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (366 download)

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Book Synopsis Wage Dispersion, Unemployment and Solidarity in a Two Sector Model with Labour Unions and Efficiency Wages by : Morten Skak

Download or read book Wage Dispersion, Unemployment and Solidarity in a Two Sector Model with Labour Unions and Efficiency Wages written by Morten Skak and published by . This book was released on 1996 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sources of Wage Dispersion

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Sources of Wage Dispersion by : Erica L. Groshen

Download or read book Sources of Wage Dispersion written by Erica L. Groshen and published by . This book was released on 1988 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Wage Dispersion and Productive Efficiency

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Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (247 download)

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Book Synopsis Wage Dispersion and Productive Efficiency by : Douglas A. Hibbs

Download or read book Wage Dispersion and Productive Efficiency written by Douglas A. Hibbs and published by . This book was released on 2000 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Wage Inequalities in East and West

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Publisher : Cambridge University Press
ISBN 13 : 9780521395311
Total Pages : 236 pages
Book Rating : 4.3/5 (953 download)

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Book Synopsis Wage Inequalities in East and West by : Dominique Redor

Download or read book Wage Inequalities in East and West written by Dominique Redor and published by Cambridge University Press. This book was released on 1992-12-10 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses wage hierarchy in market and planning theory in Western and Soviet-type systems.

Oligopolistisk konkurrence, markedsnærhed og økonomisk integration

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Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (35 download)

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Book Synopsis Oligopolistisk konkurrence, markedsnærhed og økonomisk integration by : Jan Timmermann Pedersen

Download or read book Oligopolistisk konkurrence, markedsnærhed og økonomisk integration written by Jan Timmermann Pedersen and published by . This book was released on 1995 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Structure of Wages

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Publisher : University of Chicago Press
ISBN 13 : 0226470512
Total Pages : 473 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis The Structure of Wages by : Edward P. Lazear

Download or read book The Structure of Wages written by Edward P. Lazear and published by University of Chicago Press. This book was released on 2009-05-15 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages:An International Comparison analyzes labor trends and their institutional background in the United States and eight European countries. A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization.

Equilibrium Wage Dispersion: An Example

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451862799
Total Pages : 16 pages
Book Rating : 4.8/5 (627 download)

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Book Synopsis Equilibrium Wage Dispersion: An Example by : Damien Gaumont

Download or read book Equilibrium Wage Dispersion: An Example written by Damien Gaumont and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-01-01 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on productivity.