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Interfirm Interregional And International Differences In Labor Productivity
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Book Synopsis Interfirm, Interregional, and International Differences in Labor Productivity by : Morris Altman
Download or read book Interfirm, Interregional, and International Differences in Labor Productivity written by Morris Altman and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have traditionally attempted to explain productivity differences between firms, regions and nations by focusing upon differences in capital-labor ratios, the quality of labor and capital, and the quality and quantity of investment in human capital. However, Harvey Leibenstein argues that the productivity between firms can also be explained by differences in the motivational systems embodied by firms and countries. Many firms produce X-inefficiently; X-inefficiency is usually related to market imperfections but can exist in perfectly competitive product markets because low wages protect the firm. However, the increased pressure caused by higher wages can induce them to reduce X-inefficiency and thereby increase labor productivity. To the extent at which wage differentials and wage increases affect the degree of X-inefficiency, it can be shown that high wages need not cause increases in unit cost or reductions in profit. Relatively high wages can be shown to induce greater economic efficiency and hence contribute towards improving the potential material well-being of society.
Book Synopsis Worker Satisfaction and Economic Performance by : Morris Altman
Download or read book Worker Satisfaction and Economic Performance written by Morris Altman and published by Routledge. This book was released on 2020-12-15 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges some of the fundamental tenets of "free market" economics that have had a profound impact on public policy and the plight of the American worker. These include the beliefs that high wages inevitably mean low profits; that a "free" market will automatically reduce discrimination and pay inequality; that anti-trust legislation hinders competitive market forces; and that minimum wage laws and trade unions negatively impact the economy.Using both theoretical analysis and real-life examples, the author shows that these myths are a product of unrealistic behavioral assumptions on the part of "free market" economists about the typical worker. In fact, as the author makes clear, the level of workers' satisfaction with their jobs, as a reflection of how well they are paid and treated by their employers, has a direct impact on the quality level of the products they produce and, inevitably, the economic performance of the firms.
Book Synopsis Studies in Economic Rationality by : Klaus Weiermair
Download or read book Studies in Economic Rationality written by Klaus Weiermair and published by University of Michigan Press. This book was released on 1990 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the X-efficiency paradigm in relation to the theory of the firm
Book Synopsis Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Policy by : Morris Altman
Download or read book Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Policy written by Morris Altman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some of the fundamental tenets of conventional economic wisdom, which have had a profound impact on public policy, are challenged in this book. These precepts include the affirmation that low wages are more beneficial that high wages to the process of growth and development; convergence in terms of output per person is just a matter of time; minimum wage laws and trade unions negatively impact on the economy as a whole; pay inequality due to labor market discrimination cannot persist over time; larger firms are typically more efficient than smaller firms; and culture is of little consequence to the course of economic development. Such predictions, the author argues, are a product of unrealistic behavioral assumptions about the economic agent. In this book, the author offers a more inclusive theoretical framework and a more reasonable modeling of the economic agent. This new approach is built upon conventional neoclassical theory while incorporating the most recent research in behavioral economics. The case is made that individuals have some choice over the quantity and quality of effort which they can supply in the process of production. Even under the constraints of severe product market competition and the assumption of `utility maximizing' individuals, effort need not be maximized, especially in firms characterized by antagonistic management-labor relations. This is especially true when relatively inefficient firms can remain competitive by keeping wages relatively low - low wages serve to protect such firms from more efficient firms. Alternatively, relatively high wage firms can remain competitive only if they become more productive. Under these assumptions, higher wages and factors contributing to higher wages can advance the performance of an economy while lower wages can have the opposite effect and cultural and institutional variables, by themselves, can affect the long run productivity and even the long run competitiveness of firms and economies. In summary, this book calls for a revised approach to the study of economics from a behavioral and socio-economic perspective, with significant consequences for public policy.
Book Synopsis Handbook of Research Methods in Behavioural Economics by : Morris Altman
Download or read book Handbook of Research Methods in Behavioural Economics written by Morris Altman and published by Edward Elgar Publishing. This book was released on 2023-03-02 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.
Book Synopsis Encyclopedia of Political Economy by : Phillip O'Hara
Download or read book Encyclopedia of Political Economy written by Phillip O'Hara and published by Routledge. This book was released on 1999-02-04 with total page 1606 pages. Available in PDF, EPUB and Kindle. Book excerpt: Content Description #Includes bibliographical references and index.
Book Synopsis Journal of Regulatory Economics by :
Download or read book Journal of Regulatory Economics written by and published by . This book was released on 1997 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Review of Industrial Organization by :
Download or read book Review of Industrial Organization written by and published by . This book was released on 1997 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Society for the Advancement of Behavioral Economics (U.S.) Publisher :Greenwich, Conn. : JAI Press ISBN 13 :9781559382601 Total Pages :312 pages Book Rating :4.3/5 (826 download)
Book Synopsis Handbook of Behavioral Economics by : Society for the Advancement of Behavioral Economics (U.S.)
Download or read book Handbook of Behavioral Economics written by Society for the Advancement of Behavioral Economics (U.S.) and published by Greenwich, Conn. : JAI Press. This book was released on 1991 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Aanwinsten van de Centrale Bibliotheek (Queteletfonds) by : Bibliothèque centrale (Fonds Quetelet)
Download or read book Aanwinsten van de Centrale Bibliotheek (Queteletfonds) written by Bibliothèque centrale (Fonds Quetelet) and published by . This book was released on 1998 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring and Analyzing the Impact of GVCs on Economic Development by : World Trade Organization
Download or read book Measuring and Analyzing the Impact of GVCs on Economic Development written by World Trade Organization and published by World Trade Organization. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.
Book Synopsis Bulletin of the Public Affairs Information Service by : Public Affairs Information Service
Download or read book Bulletin of the Public Affairs Information Service written by Public Affairs Information Service and published by . This book was released on 1971 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Indonesia written by Edimon Ginting and published by Asian Development Bank. This book was released on 2018-02-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on Indonesia's most pressing labor market challenges and associated policy options to achieve higher and more inclusive economic growth. The challenges consist of creating jobs for and the skills in a youthful and increasingly better educated workforce, and raising the productivity of less-educated workers to meet the demands of the digital age. The book deals with a range of interrelated topics---the changing supply and demand for labor in relation to the shift of workers out of agriculture; urbanization and the growth of megacities; raising the quality of schooling for new jobs in the digital economy; and labor market policies to improve both labor standards and productivity.
Book Synopsis The Oxford Handbook of Productivity Analysis by : Emili Grifell-Tatjé
Download or read book The Oxford Handbook of Productivity Analysis written by Emili Grifell-Tatjé and published by Oxford University Press. This book was released on 2018-08-07 with total page 902 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity underpins business success and national well-being and thus it is crucial to understand the factors that influence productivity growth. This volume provides a comprehensive exploration into the significance of productivity growth for business, the economy, and for social economic progress. It examines how productivity is defined, measured and implemented. It also surveys the dispersion of productivity across time and place, focusing on the productivity dynamics that either leads to a reallocation of resources that reduces dispersion and increases aggregate productivity or, conversely, allows dispersion to persist behind barriers to productivity-enhancing reallocation. A third focus is an investigation of the drivers of, or impediments to, productivity growth, some of which are organizational in nature and under management control and others of which are institutional in nature and subject to public policy intervention. The Oxford Handbook of Productivity Analysis contains contributions of distinguished productivity experts from around the world who analyze a wide range of timely issues. These issues concern purely analytical topics surrounding the measurement of productivity in various situations, beginning with the ideal situation in which all inputs and all outputs, and their prices, are observed accurately. They also include service sectors such as education in which the services provided are hard to define, much less measure, and other sectors that generate undesirable environmental externalities that are difficult to price and complicate the very definition of productivity. The issues also involve business management topics ranging from the role of business models and benchmarking to the quality of management practices, the adoption of new technologies, and possible complementarities between the two. The relationship between productivity and business performance is also explored. At a more aggregate level the issues range from the impacts of market power, incentive regulation, international trade and global value chains on productivity, to the contribution of productivity to economic development and economic welfare.
Book Synopsis Spatial Divisions of Labor by : Doreen B. Massey
Download or read book Spatial Divisions of Labor written by Doreen B. Massey and published by Psychology Press. This book was released on 1995 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1995. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis Geography in America at the Dawn of the 21st Century by : Gary L. Gaile
Download or read book Geography in America at the Dawn of the 21st Century written by Gary L. Gaile and published by . This book was released on 2005 with total page 854 pages. Available in PDF, EPUB and Kindle. Book excerpt: Geography in America at the Dawn of the 21st Century surveys American geographers' current research in their specialty areas and tracks trends and innovations in the many subfields of geography. As such, it is both a 'state of the discipline' assessment and a topical reference. It includes an introduction by the editors and 47 chapters, each on a specific specialty. The authors of each chapter were chosen by their specialty group of the American Association of Geographers (AAG). Based on a process of review and revision, the chapters in this volume have become truly representative of the recent scholarship of American geographers. While it focuses on work since 1990, it additionally includes related prior work and work by non-American geographers. The initial Geography in America was published in 1989 and has become a benchmark reference of American geographical research during the 1980s. This latest volume is completely new and features a preface written by the eminent geographer, Gilbert White.
Book Synopsis The Power of Geography (RLE Social & Cultural Geography) by : Jennifer Wolch
Download or read book The Power of Geography (RLE Social & Cultural Geography) written by Jennifer Wolch and published by Routledge. This book was released on 2014-01-23 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book illuminates the profound influence of geography on everyday life. Concentrating on the realm of social reproduction – gender, family, education, culture and tradition, race, ethnicity the contributors provide both an articulation of a theory of territory and reproduction and concrete empirical analyses of the evolution of social practices in particular places. At the core of the book’s contribution is the concept of society as a ‘time-space’ fabric, upon which are engraved the processes of political, economic and socio-cultural life. A second distinctive feature of the book is its substantive focus on the relation between territory and social practice. Thirdly, it represents a significant step in the redefinition of the research agenda in human geography.
