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Wage Bargaining Versus Efficiency Wages
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Book Synopsis Wage Bargaining Versus Efficiency Wages by : Jon Strand
Download or read book Wage Bargaining Versus Efficiency Wages written by Jon Strand and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct a model integrating the efficiency wage model of Shapiro-Stiglitz (1984) (SS), with an individual wage bargaining model in the Diamond-Mortensen-Pissarides (DMP) tradition where firms and workers form pairwise matches. We show that when workers may threaten to shirk on the job and there is individual wage bargaining, the wage is always higher and employment lower than in either the SS model, or the (appropriately modified) DMP model. When firms determine workers' efforts unilaterally, efforts are set inefficiently low in the SS model. In the bargaining model, effort is higher, and is first best when the worker non-shirking constraint does not bind. The overall equilibrium allocation may then be more or less efficient than in the SS model, but is always less efficient than in a pure bargaining model with no moral hazard.
Book Synopsis Wage Bargaining and Efficiency Wages by : Steinar Holden
Download or read book Wage Bargaining and Efficiency Wages written by Steinar Holden and published by . This book was released on 1988 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficiency Wages and Local Versus Central Bargaining by : Asbjørn Rødseth
Download or read book Efficiency Wages and Local Versus Central Bargaining written by Asbjørn Rødseth and published by . This book was released on 1991 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficiency Wages and Local Versus Central Wage Bargaining by : Michael Hoel
Download or read book Efficiency Wages and Local Versus Central Wage Bargaining written by Michael Hoel and published by . This book was released on 1988 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bargaining Versus Efficiency Wages in a Dynamic Labor Market by : Jon Strand
Download or read book Bargaining Versus Efficiency Wages in a Dynamic Labor Market written by Jon Strand and published by . This book was released on 1998 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Taxes and Unemployment by : Laszlo Goerke
Download or read book Taxes and Unemployment written by Laszlo Goerke and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter has set out in detail the models which are employed below in order to analyse the labour market effects of changes in tax rates and in alterations in the tax structure. The fundamental mechanisms underlying the different approaches have been pointed out. Moreover, vital assumptions have been emphasised. By delineating the models which are used for the subsequent analyses, implicitly statements have also been made about topics or aspects which this study does not cover. For example, all workers and firms are identical ex ante. However, ex-post differences are allowed for, inter alia, if unemploy ment occurs or if some firms have to close down. These restrictions indicate areas of future research insofar as that the findings for homogeneous workers or firms yield an unambiguous proposal for changes in tax rates or the tax structure in order to promote employment. This is because it would be desir able for tax policy to know whether the predicted effects also hold in a world with ex-ante heterogeneity. Furthermore, the product market has not played a role. Therefore, repercussions from labour markets outcomes on product demand - and vice versa - are absent. 55 Moreover, neither the process of capital accumulation, be it physical or human capital, nor substitution pos sibilities between labour and capital in the firms' production function are taken into account. Finally, international competition is not modelled.
Book Synopsis Efficiency Wages and Local Wage Bargaining by : Joan Muysken
Download or read book Efficiency Wages and Local Wage Bargaining written by Joan Muysken and published by . This book was released on 1993 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Profit Sharing with Central and Local Wage Bargaining by : Oddbjørn Raaum
Download or read book Profit Sharing with Central and Local Wage Bargaining written by Oddbjørn Raaum and published by . This book was released on 1988 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficiency Wages and Bargaining by : Frank Walsh
Download or read book Efficiency Wages and Bargaining written by Frank Walsh and published by . This book was released on 2005 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficiency Wage Models of the Labor Market by : George A. Akerlof
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.
Book Synopsis Efficiency Wages, Unemployment Benefits and Union-firm Wage Bargaining by : Vesna Stavrevska
Download or read book Efficiency Wages, Unemployment Benefits and Union-firm Wage Bargaining written by Vesna Stavrevska and published by . This book was released on 2012 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficiency Wages, Bargaining Power, and Wage Gaps by : Ralph Olthoff
Download or read book Efficiency Wages, Bargaining Power, and Wage Gaps written by Ralph Olthoff and published by . This book was released on 2002 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Centralized Bargaining, Efficiency Wages and Flexibility by : Ramana Ramaswamy
Download or read book Centralized Bargaining, Efficiency Wages and Flexibility written by Ramana Ramaswamy and published by . This book was released on 1993 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficiency Wages Versus Insiders and Outsiders by : Assar Lindbeck
Download or read book Efficiency Wages Versus Insiders and Outsiders written by Assar Lindbeck and published by . This book was released on 1986 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficiency Wages and Collective Bargaining by : John Wayne Straka
Download or read book Efficiency Wages and Collective Bargaining written by John Wayne Straka and published by . This book was released on 1989 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On the Interaction Between Efficiency Wages and Union-firm Bargaining Models by : Peter J. Sanfey
Download or read book On the Interaction Between Efficiency Wages and Union-firm Bargaining Models written by Peter J. Sanfey and published by . This book was released on 1993 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Efficiency Wages written by Andrew Weiss and published by . This book was released on 1990 with total page 118 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 paperback editions preserve the original texts of these important books while presenting them in durable paperback 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.
