[PDF] Efficiency Wages Trade Theory And Policy Implications eBook

Author : Titas Kumar Bandopadhyay
Publisher :
Page : pages
File Size : 21,35 MB
Release : 2007
Category :
ISBN :

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The present paper deals with the two outstanding theories of unemployment: job-search theory and efficiency-wage theory. These two theories explain urban unemployment in different ways and have different policy implications for the development economists. The main purpose of this paper is two examine the impact of trade reform on urban unemployment under two economic settings: job-search model and efficiency-wage model. Our analysis shows that the nature of unemployment plays important role in this context.

Author : Andrew Weiss
Publisher : Princeton University Press
Page : 126 pages
File Size : 46,34 MB
Release : 2014-07-14
Category : Political Science
ISBN : 140086206X

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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 : Engelbert Stockhammer
Publisher : Springer
Page : 329 pages
File Size : 48,55 MB
Release : 2013-12-03
Category : Business & Economics
ISBN : 1137357932

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This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Author : George A. Akerlof
Publisher : Cambridge University Press
Page : 196 pages
File Size : 13,69 MB
Release : 1986-11-28
Category : Business & Economics
ISBN : 9780521312844

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The contributors explore the reasons why involuntary unemployment happens when supply equals demand.

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
Page : 301 pages
File Size : 36,47 MB
Release : 2024-02-12
Category : Business & Economics
ISBN :

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What is Efficiency Wage The term efficiency wages was introduced by Alfred Marshall to denote the wage per efficiency unit of labor. Marshallian efficiency wages are those calculated with efficiency or ability exerted being the unit of measure rather than time. That is, the more efficient worker will be paid more than a less efficient worker for the same amount of hours worked. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Efficiency wage Chapter 2: Labour economics Chapter 3: Minimum wage Chapter 4: New Keynesian economics Chapter 5: Phillips curve Chapter 6: Employment Chapter 7: Principal-agent problem Chapter 8: Personnel economics Chapter 9: Signalling (economics) Chapter 10: Labour market flexibility Chapter 11: Compensating differential Chapter 12: Insider-outsider theory of employment Chapter 13: Ekkehart Schlicht Chapter 14: Involuntary unemployment Chapter 15: Union wage premium Chapter 16: Monopsony Chapter 17: Rehn-Meidner model Chapter 18: Real rigidity Chapter 19: Wage compression Chapter 20: Shapiro-Stiglitz theory Chapter 21: Gift-exchange game (II) Answering the public top questions about efficiency wage. (III) Real world examples for the usage of efficiency wage in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Efficiency Wage.