Efficiency Wage Models Of The Labor Market

Author : George A. Akerlof
Publisher : Cambridge University Press
ISBN 13 : 9780521312844
Total Pages : 196 pages
Book Rating : 4.41/5 ( download)

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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.

Author : George A. Akerlof
Publisher :
ISBN 13 :
Total Pages : 178 pages
Book Rating : 4.42/5 ( download)

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Download or read book Efficiency wage models of the labor market written by George A. Akerlof and published by . This book was released on 1990 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Andrew Weiss
Publisher : Princeton University Press
ISBN 13 : 140086206X
Total Pages : 126 pages
Book Rating : 4.61/5 ( download)

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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.

Author : Maia Güell
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.47/5 ( download)

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Download or read book Employment Protection and Unemployment in an Efficiency Wage Model written by Maia Güell and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : William Bentley MacLeod
Publisher : Université de Montréal, Centre de recherche et développement en économique
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.90/5 ( download)

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Download or read book Wage Premiums and Profit Maximisation in Efficiency Wage Models written by William Bentley MacLeod and published by Université de Montréal, Centre de recherche et développement en économique. This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Laszlo Goerke
Publisher : Springer Science & Business Media
ISBN 13 : 1461507871
Total Pages : 308 pages
Book Rating : 4.71/5 ( download)

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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.

Author : Maia Güell
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.04/5 ( download)

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Download or read book Fixed-term Contracts and Unemployment written by Maia Güell and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451854781
Total Pages : 98 pages
Book Rating : 4.87/5 ( download)

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Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Author : Alan Manning
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.73/5 ( download)

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Download or read book A Simple Test of the Shirking Model written by Alan Manning and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using on data from the 1987/88 UK Survey of Incomes In and Out of Work, proposes a simple test of one prominent version of the efficiency wage model, the shirking model of Shapiro and Stiglitz (1984) which focuses directly on the issue of whether involuntary unemployment exists or not.

Author : Yves Zenou
Publisher : Cambridge University Press
ISBN 13 : 0521875382
Total Pages : 525 pages
Book Rating : 4.87/5 ( download)

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Download or read book Urban Labor Economics written by Yves Zenou and published by Cambridge University Press. This book was released on 2009-04-27 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simple models of urban search matching -- Extensions of urban search-matching models -- Non-monocentric cities and search-matching -- Simple models of urban efficiency wages -- Extensions of urban efficiency wage models -- Non-monocentric cities and efficiency wages -- The spatial mismatch hypothesis : a search-matching approach -- The spatial mismatch hypothesis : an efficiency-wage approach -- Peer effects, social networks, and labor market outcomes in cities -- General conclusion -- Appendix A: basic urban economics -- Appendix B: Poisson process and derivation of Bellman equations -- Appendix C: The Harris-Todaro model.