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Employee Crime Monitoring And The Efficiency Wage Hypothesis
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Book Synopsis Employee Crime, Monitoring, and the Efficiency Wage Hypothesis by : William T. Dickens
Download or read book Employee Crime, Monitoring, and the Efficiency Wage Hypothesis written by William T. Dickens and published by . This book was released on 1987 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper offers some observations on employee crime, economic theories of crime, limits on bonding, and the efficiency wage hypothesis. We demonstrate that the simplest economic theories of crime predict that profit-maximizing firms should follow strategies of minimal monitoring and large penalties for employee crime. Finding overwhelming empirical evidence that firms expend considerable resources trying to detect employee malfeasance and do not impose extremely large penalties, we investigate a number of possible reasons why the simple model's predictions fail. It turns out that plausible explanations for firms large outlays on monitoring of employees also justify the payment of premium wages in some circumstances. There is no legitimate a priori argument that firms should not pay efficiency wages once it is recognized that they expend significant resources on monitoring.
Book Synopsis Employee Crime, Monitoring, and the Efficiency Wage Hypothesis by : Lawrence H. Summers
Download or read book Employee Crime, Monitoring, and the Efficiency Wage Hypothesis written by Lawrence H. Summers and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper offers some observations on employee crime, economic theories of crime, limits on bonding, and the efficiency wage hypothesis. We demonstrate that the simplest economic theories of crime predict that profit-maximizing firms should follow strategies of minimal monitoring and large penalties for employee crime. Finding overwhelming empirical evidence that firms expend considerable resources trying to detect employee malfeasance and do not impose extremely large penalties, we investigate a number of possible reasons why the simple model's predictions fail. It turns out that plausible explanations for firms large outlays on monitoring of employees also justify the payment of premium wages in some circumstances. There is no legitimate a priori argument that firms should not pay efficiency wages once it is recognized that they expend significant resources on monitoring
Book Synopsis Employee Crime, Monitoring, and the Efficiency Wage Hypothesis by :
Download or read book Employee Crime, Monitoring, and the Efficiency Wage Hypothesis written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Employee Crime and the Monitoring Puzzle by : William T. Dickens
Download or read book Employee Crime and the Monitoring Puzzle written by William T. Dickens and published by . This book was released on 1988 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contemporary Macroeconomic Theory and Policy by : Raghbendra Jha
Download or read book Contemporary Macroeconomic Theory and Policy written by Raghbendra Jha and published by New Age International. This book was released on 2008 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book Is An Exhaustive Study Of Current Macroeconomic Theory. It Starts From The First Principles Of Macroeconomics In Part I And Develops The Orthodox Keynesian Approach With Fixed And Flexible Prices In Part Ii. In Part Iii The Author Discusses The Modem Theories Of Inflation And Unemployment. Among The Topics Covered Are Phillips Curves And Natural Rate Of Unemployment, The Accelerationist Controversy, Rational Expectations, Staggered Wage Setting And New Classical Macroeconomics.In Part Iv The Theoretical Underpinnings Of Key Empirical Macro Relations Such As The Consumption Function, Investment Function, And Demand And Supply Of Money Are Discussed. Part V Concentrates On Open Economy Aspects Of Macroeconomics. Both Current Account And Asset Balance Approaches Are Discussed And There Is An Exhaustive Treatment Of Policy Making In Open Economies. Part Vi Considers Medium Term Dynamics Of The Public Debt And Business Cycles. Part Vii Concentrates On Real And Monetary Growth And Also Considers Optimal Economic Growth. Part Viii Considers Two Important Issues In Current Research And Debate: Stagflation, And New Keynesian Theory.This Book Has Been Written Primarly As A Text For Postgraduate And Upper Level Undergraduate Students. It Is Also Very Useful For Policy Makers And Research Students.
Author :William A. Darity, Jr. Publisher :Springer Science & Business Media ISBN 13 :940112938X Total Pages :307 pages Book Rating :4.4/5 (11 download)
Book Synopsis Labor Economics: Problems in Analyzing Labor Markets by : William A. Darity, Jr.
Download or read book Labor Economics: Problems in Analyzing Labor Markets written by William A. Darity, Jr. and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: William Darity, Jr. In 1984 the Kluwer series in Modern Economic Thought, under the editorial direction of Warren Samuels, brought out a book under my editorship entitled Labor Economics: Modern Views. It consisted of a series of essays and commentaries that sought, in a critical fashion, to assess the state of the art in the field of labor economics with respect to several themes. These included methodology versus practice, the analysis of discrimination by gender and race, the phenomenon of persistent racial differences in un employment exposure, occupational safety and health regulation, dual versus segmented labor markets, and the remnants of the Phillips curve trade-off between unemployment and inflation. Nearly a decade later I was approached by Warren Samuels and Kluwer about editing a new book that would again address where things stand in labor economics. In proceeding with the development of this current book I was a struck by the extent to which the research thrust that was apparent in the early 1980s remains intact as we move toward the 21st century. The vast majority of scholarship in the labor subfield is dominated by the methodological orientation of applied neoclassical microeconomics, supplemented by incursions from the themes that occupy the so-called "pure theorists," particularly of the game theoretic variety.
Book Synopsis Monthly Labor Review by : United States. Bureau of Labor Statistics
Download or read book Monthly Labor Review written by United States. Bureau of Labor Statistics and published by . This book was released on 1988 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.
Book Synopsis Foundations of Organizational Strategy by : Michael C. Jensen
Download or read book Foundations of Organizational Strategy written by Michael C. Jensen and published by Harvard University Press. This book was released on 2001-03-02 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting the foundations of an integrated theory of organizations, Jensen argues that the cost of transferring information necessitates decentralization of some decision rights in organizations and economies. This in turn requires organizations to solve the control problem that results when self-interested persons do not behave as perfect agents.
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.
Book Synopsis Efficiency Wage Theory, Labor Markets, and Adjustment by : Luis A. Riveros
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.
Download or read book BEBR Faculty Working Paper written by and published by . This book was released on 1980 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Corruption and Illegal Markets: The economics of illegal activities by : Gianluca Fiorentini
Download or read book The Economics of Corruption and Illegal Markets: The economics of illegal activities written by Gianluca Fiorentini and published by . This book was released on 1999 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume set brings together key published papers on the economic analysis of corruption and illegal markets. It ranges from theoretical isues on the nature of corruption, to analogies between governments regulating legal markets and organised crime ruling over illegal markets
Book Synopsis Industrial & Labor Relations Review by :
Download or read book Industrial & Labor Relations Review written by and published by . This book was released on 2000 with total page 384 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 Journal of Economic Behavior & Organization by :
Download or read book Journal of Economic Behavior & Organization written by and published by . This book was released on 1990 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Appalachian Studies written by and published by . This book was released on 1997 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis NBER Publications by : National Bureau of Economic Research
Download or read book NBER Publications written by National Bureau of Economic Research and published by . This book was released on 1921 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
