Efficiency Wage Models of the Labor Market

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Release : 1986-11-28
Genre : Business & Economics
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Book Rating : 844/5 ( reviews)

Efficiency Wage Models of the Labor Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency Wage Models of the Labor Market write by George A. Akerlof. This book was released on 1986-11-28. Efficiency Wage Models of the Labor Market available in PDF, EPUB and Kindle. The contributors explore the reasons why involuntary unemployment happens when supply equals demand.

Efficiency Wages

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Release : 2014-07-14
Genre : Political Science
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Book Rating : 06X/5 ( reviews)

Efficiency Wages - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency Wages write by Andrew Weiss. This book was released on 2014-07-14. Efficiency Wages available in PDF, EPUB and Kindle. 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.

Efficiency wage models of the labor market

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Author :
Release : 1990
Genre : Salarios
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Book Rating : /5 ( reviews)

Efficiency wage models of the labor market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency wage models of the labor market write by George A. Akerlof. This book was released on 1990. Efficiency wage models of the labor market available in PDF, EPUB and Kindle.

Efficiency Wage Models and the labor market

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Author :
Release : 1986
Genre :
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Book Rating : /5 ( reviews)

Efficiency Wage Models and the labor market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency Wage Models and the labor market write by . This book was released on 1986. Efficiency Wage Models and the labor market available in PDF, EPUB and Kindle.

Efficiency Wages and Labor Mobility in an Open Economy

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Release : 1993-10-01
Genre : Business & Economics
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Book Rating : 166/5 ( reviews)

Efficiency Wages and Labor Mobility in an Open Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency Wages and Labor Mobility in an Open Economy write by Pierre-Richard Agénor. This book was released on 1993-10-01. Efficiency Wages and Labor Mobility in an Open Economy available in PDF, EPUB and Kindle. The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate.