Efficiency wages : models of unemployment, layoffs, and wage dispersion

著者

書誌事項

Efficiency wages : models of unemployment, layoffs, and wage dispersion

Andrew Weiss

Clarendon Press, 1991

  • : pbk

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注記

Includes bibliographical references and index

内容説明・目次

巻冊次

: pbk ISBN 9780198283928

内容説明

This overview of the principal efficiency wage models presents new results in the field. It provides models of competitive labour markets in which wages have sorting, incentive and nutritional effects. It shows how these effects can cause unemployment, a misallocation of labour and equilibrium wage distributions. Results are derived with the use of simple mathematics, motivated by economic intuition and numerical examples. Other models in which wages affect productivity are also discussed. The book is divided into two parts. Part 1 is concerned with the sorting effects of wages, or more generally wage schedules, in an economy where workers have information about their own productivity that is not available to firms. Part 2 is concerned with the direct effects of wages and wage schedules on the performance of workers, assuming that workers have private information about their own productivity.

目次

  • An Introduction and Overview
  • Part I Worker Heterogeneity as a Cause of Unemployment and Layoffs: Single Wage Equilibrium
  • Appendix A. Necessary and Sufficient Conditions for Wage Rigidity
  • Unemployment with Multiple Wages
  • Layoffs and Firing of Workers: An Adverse Selection Explanation
  • Part II Incentive Models: An Overview of Incentive Effects of Wages
  • The Effect of Wages on Turnover
  • Effort Inducing Effects of Wages
  • The Nutrition Model
巻冊次

ISBN 9780198283935

内容説明

This overview of the principal efficiency wage models presents new results in the field. It provides models of competitive labour markets in which wages have sorting, incentive and nutritional effects. It shows how these effects can cause unemployment, a misallocation of labour and equilibrium wage distributions. Results are derived with the use of simple mathematics, motivated by economic intuition and numerical examples. Other models in which wages affect productivity are also discussed. The book is divided into two parts. Part 1 is concerned with the sorting effects of wages, or more generally wage schedules, in an economy where workers have information about their own productivity that is not available to firms. Part 2 is concerned with the direct effects of wages and wage schedules on the performance of workers, assuming that workers have private information about their own productivity.

目次

  • Part 1 Worker heterogeneity as a cause of unemployment and layoffs: single wage equilibrium
  • necessary and sufficient conditions for wage rigidity
  • unemployment with multiple wages
  • layoffs and firing of workers - an adverse selection explanation. Part 2 Incentive models: an overview of incentive effects of wages
  • the effect of wages on turnover
  • effort inducing effects of wages
  • the nutrition model.

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