Download or read book Essays on Efficiency Wages written by Jan Beyer Schmidt-Sørensen and published by . This book was released on 1990 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Efficiency Wages written by Frank Walsh and published by . This book was released on 1995 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Efficiency Wages Capacity Utilization Inflation and Economic Growth written by Harilaos V. Mertzanis and published by . This book was released on 1996 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essay on Efficiency Wages written by Jan Beyer Schmidt-Sørensen and published by . This book was released on 1990 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on External Conditions and Wage setting Within Firms written by Eric Andrew Verhoogen and published by . This book was released on 2004 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Labor Markets and Institutions written by Marc A. Van Audenrode and published by . This book was released on 1991 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Empirical Essays on Efficiency Wage Models of the Labour Market written by Maarten G. Stegwee and published by . This book was released on 1990 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Employment Wages and Income Distribution written by Kurt W Rothschild and published by Routledge. This book was released on 2006-06-28 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whilst there is widespread agreement about the goals of economic policy, consensus about how best to achieve them can be harder to achieve. No issues are more contentious than employment and income distribution. In recent years full employment and a just distribution of incomes have been downgraded as policy objectives, as greater priority has been given to price stability and balance of payments objectives. This emphasis has been supported by a mainstream economic theory which has an unswerving belief in the ability of market forces to achieve a satisfactory regulation of employment and income distribution Other economists have remained more sceptical, and none more so than Kurt Rothschild. This new volume collects together his twenty two most important essays in the area, many of which are appearing in English for the first time. Throughout pure theory is linked to relevant practical investigations.
Download or read book Essays on Labour Economics written by Yongjian Hu and published by Rozenberg Publishers. This book was released on 2005 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Laws of Wages written by Henry Ludwell Moore and published by . This book was released on 1911 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Labor Supply written by Nail Hassairi and published by . This book was released on 2017 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of essays studying labor supply empirically through the use of an experimental platform set up on Amazon Mechanical Turk online labor market. The essays contribute to measuring labor supply elasticties; response of effort to pay; and the willingness to pay for job attributes. What these topics have in common is that a) it's extremely hard to estimate these parameters using observational data, b) the parameters estimated from these studies serve as input parameters for macroeconomic models of employment, welfare policy, and tax policy. The notion that increased pay raises productivity, either through sorting or incentives, lies at the heart of the efficiency wage theory. The alternative competitive model also implies a correlation between wages and productivity, however, the causal effect implied is from productivity to pay, that is more productive workers receive higher pay. A conclusive test with the ability to nest both of these hypotheses and rule between them then has to provide a credible evidence of the direction of causality in the wage-productivity relationship. This challenge has so far been unmet in the literature. To provide an unequivocal answer, the first essay in this volume presents findings from a large-scale field experiment conducted on Amazon Mechanical Turk. The findings confirm the intuition behind the efficiency wage theory, demonstrating that increase in pay indeed has a causal effect on productivity; through sorting, and, to a lesser extent, incentives. These findings also suggest that this causalrelationship between pay and productivity is dynamic in nature, weakening over the course of the tenure of a worker. The findings also indicate that heterogeneity in tenure length among workers is correlated with their heterogeneity in response to higher pay. As the competitive model continues to be used as a microeconomic foundation of macroeconomic theories of unemployment, these findings give a vote of confidence to its main alternative - the efficiency wage theory. An integral part of Adam Smith's compensating wage differentials theory is that work- ers trade off between job characteristics and wage. Other than risk of death, however, no job characteristics have consistently been found to affect wages, likely because of problems with self-selection and unobservable job characteristics. The second essay in this volume presents results from the experiments on Mechanical Turk, randomizing offered pay and job characteristics, thereby overcoming both problems. The findings indicate, as predicted by the theoretical model, that increasing job disamenities significantly reduces both likelihood of working and amount of work supplied. Correspondingly, the wage increases necessary to compensate workers for worse job disamenities are substantial. The last essay in this volume estimates extensive and intensive margin labor supply elasticity. Contrary to prior analyses using micro data, the findings indicate that the intensive margin elasticities are more than twice the size of extensive margin elasticities and that both are substantial, even if conditioning on working. Furthermore, using data on all workers in the experiments whether they decide to work on the experiments or not, the elasticities range from 1.2 to 2.9, depending on experiment and specification. These results are consistent with the idea that off-line labor markets are characterized by frictions that lower elasticities and may reverse the ordering of extensive margin and intensive margin elasticities.
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.
Download or read book Essays on Wages and Earnings written by Sang-bong Oh and published by . This book was released on 2012 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this dissertation I first try to explain how the wage is determined from a theoretical perspective. Then I provide a test regarding a phenomenon which has not been well explained so far. Finally I turn to an important issue in studies on taxation. In the first chapter I provide models considering when firm sets wage either above or below the market clearing wage although previous models take as granted that the efficiency wage is above the market clearing wage. A simple model, the "selection model", is different from previous models in that the firm considers workers' choices on labor supply as an important factor when it makes decisions on wages and employment. I then set up the "effort model", in which the effort function is determined by the worker while the ability function is exogenously given the selection model. As a result, the models produce set of possible choices which resembles backward-bending labor supply curve. The shape helps explain the minimum wage paradox. In the second chapter I test whether efficiency wage models contribute to explaining interindustry wage differentials. First, I find two variables which could cause firms to pay different wages to seemingly identical workers: the internal and external reference wages. Then, I estimate wage equations with and without those variables, and find that those variables help explain interindustry wage differentials by reducing the standard deviation of wage differentials. In the final chapter I address a problem that study of the behavioral response to the changes in the individual tax rate always encounters: endogeneity. I first develop novel instruments for the marginal tax rate and net-of-tax rate (1 - marginal tax rate). Then, I run regression using the new instruments for the net-of-tax rate and also using either no instrument or an improper instrument. Regressions suggest that the tax rates are endogenous to income and replacing the tax rates with the counterfactual tax rates solves the endogeneity problem. They also imply that the tax rate changes have no significant effect on medium-income earners in the short run.
Download or read book Three Essays in Labor Economics written by Douglas Staiger and published by . This book was released on 1990 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Wage Formation Employment and Unemployment written by Per Skedinger and published by . This book was released on 1992 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in the Theory of Employment written by Joan Robinson and published by . This book was released on 1947 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Efficiency in Unionized Labor Markets written by Taigi Kim and published by . This book was released on 1988 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
