Yellen, Janet LAkerlof, Goerge A, Janet. Yellen. 1987. Efficiency Wage Models of the Labor Market. Cambridge, UK: Cambridge University of Press.George A. Akerlof and Janet L. Yellen, editors. Efficiency Wage Models of the Labor Market. Cambridge University Press, 1987....
Efficiency wage models of the labor market have become one of the key elements of the New- and Post-Keynesian schools of thought. In this paper, we argue that the concept of efficiency wages is not traditional to Keynesian economics, and that these schools developed the theory's modern ...
Efficiency Wage Models of the Labor Market: A Model of the Natural Rate of Unemployment Efficiency Wage Models of the Labor Market Efficiency Wage Models of the Labor Market Gift Exchange and Efficiency-Wage Theory: Four Views Efficiency Wage Models of the Labor Market: Equilibrium Unemployment as...
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Efficiency wage models of the labor market Cambridge University Press, Cambridge Core (1986), 10.1017/CBO9780511559594 Google Scholar Ali, Arslan, Chowdhury, Khan and Tarba, 2022 I. Ali, A. Arslan, M. Chowdhury, Z. Khan, S.Y. Tarba Reimagining global food value chains through effective resil...
If efficiency wage theory is correct, will the economy ever reach long-run equilibrium? Explain. If a neoclassical model shows increasing wages in the economy over the long run, what is likely to occur? Explain the economic models of the labor market...
副标题: Models of Unemployment, Layoffs and Wage Dispersion出版年: 2014-7-14页数: 128ISBN: 9780691608907豆瓣评分 目前无人评价 评价: 写笔记 写书评 加入购书单 分享到 推荐 内容简介 ··· Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field a...
aboveaverageprofits.Theextenttowhichthisrelationbetweenwagedifferentialsandfirm characteristicssupportsefficiencywagemodelsisdiscussed.Inshort,thebehaviorofthe Chileanlabormarketposesanumberofquestionsforthecompetitivehypothesis.Theresultsof thisresearchareconsistentwiththepredictionsofefficiencywagemodels. RESUMEN Esteestudio...
while labour productivity is fixed by exogenous technological considerations, independent of wages. The efficiency wage hypothesis may be regarded as the converse of the well-known Soviet Russian workers’ joke: ‘They pretend to pay us, and we pretend to work.’ With efficiency wages, we pay th...
Akerlof, George and Yellen, Janet (1990): "The Fair Wage-Effort Hypothesis and Unemployment", Quarterly Journal of Economics 105, 255 - 283. Bowles, Samuel (1985): "The production process in a competitive economy: Walrasian, neo- Hobbesian and Marxian models", American Economic Review 75, ...