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Sociologija, 2013 In classical theory, the labour market operates as any other market, that is, the supply and demand determines the equilibrium between wages and the number of employees.
Fabris Nikola
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The impact of minimum wages on medical expenditures and resource misallocation: evidence from China’s healthcare system [PDF]
Frontiers in Public HealthIntroductionWhile minimum wage policies are widely advocated for promoting health equity, empirical evidence on their impact on healthcare utilization remains limited.
Chang Yang +3 more
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Lecturas de Economía, 2011 Una de las políticas más importantes en el proceso de reformas estructurales en Colombia a principios de la deécada de 1990 fue la reducción de las rigideces en el mercado laboral. Una posición para evaluar los resultados de tales reformas es analizar la
Rodrigo Taborda, Juan Guataquí
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STICKY WAGE, EFFICIENCY WAGE AND KEYNESIAN UNEMPLOYMENT [PDF]
Pacific Economic Review, 2007 Abstract. This paper provides a model of involuntary unemployment by combining the insights of the sticky wage theory and the efficiency wage theory. It implies that employed workers tend to supply more effort in response to economic downturns. Thus, a negative shock to an economy has intriguing impacts on the unemployment. The model also shows that a
C. Simon Fan
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Efficiency Wages and the Wage Structure [PDF]
, 1986 This paper examines differences in pay for equally skilled workers in different industries. The major finding is that there is substantial dispersion in wages across industries, even after allowing for measured and unmeasured labor quality, working conditions, fringe benefits, transitory demand shocks, threat of unionization, union bargaining power ...
Alan B. Krueger, Lawrence H. Summers
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Wage Bargaining Versus Efficiency Wages: A Synthesis
Bulletin of Economic Research, 2003 We construct a model integrating the efficiency wage model of Shapiro–Stiglitz (1984) (SS), with an individual wage bargaining model in the Diamond–Mortensen–Pissarides (DMP) tradition where firms and workers form pairwise matches. We show that when workers may threaten to shirk on the job and there is individual wage bargaining, the wage is always ...
Jon Strand
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Relative Wages, Efficiency Wages, and Keynesian Unemployment [PDF]
American Economic Review, 1988 While modern economic theorists have produced a variety of explanations for the failure of wages to fall in the face of unemployment, Keynes emphasis on relative wages has not been reflected in most contemporary discussions.
Lawrence H. Summers
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Manager’s ability, wage minimum policy, and firm size on firm performance: An empirical analysis in the real estate and construction sector [PDF]
Accounting, 2021 The real estate and construction industry have significantly played a particularly important role in economic development in each economy. In the case of Vietnam, the real estate and construction industry have greatly contributed a large proportion to ...
Ha, Nguyen Ho Phi, Minh, Nguyen Quang
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The Relationship Between Wage Differentiation and Productivity in Polish Regions
Gospodarka Narodowa. The Polish Journal of Economics, 2022 The article attempts to determine the optimal wage differentiation in Poland’s 16 regions from 1999 to 2015. In our study, optimality is a maximum level of total factor productivity. Wage differentiation was measured by the Gini coefficient.
Damian Mowczan, Jan Jacek Sztaudynger
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Alert Judgment: Ford's Entrepreneurial Five Dollar Day
Quarterly Journal of Austrian Economics, 2021 This paper provides evidence for the explanatory power of the theory of entrepreneurship through analysis of one of the most widely publicized acts of American entrepreneurship: Ford’s five dollar day.
Nathaniel Smith
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