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Efficiency Wages and Wage Dispersion
Economica, 1991The efficiency wage hypothesis has normally been used to generate an equilibrium level of unemployment. The authors use it, instead, to generate an equilibrium wage distribution. This paper starts by generalizing the previous work of R. M. Solow in this area.
Ramaswamy, Ramana, Rowthorn, Robert E
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Wage Satisfaction and Reference Wages
2021That wage satisfaction depends on reference wage is now an acquis of the empirical happiness literature. Employees care about their coworkers’ wage. They compare to different notions of reference wage and suffer from disadvantageous comparisons, more than they enjoy advantageous ones.
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1999
Structure and objectives macroeconomic impact impact on wages and the wage system theoretical perspectives consensual incomes policy in Australia.
Lim Chong Yah, Rosalind Chew
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Structure and objectives macroeconomic impact impact on wages and the wage system theoretical perspectives consensual incomes policy in Australia.
Lim Chong Yah, Rosalind Chew
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Wage Indexation and Compensating Wage Differentials
The Review of Economics and Statistics, 1986A stractThe theory of wage indexation implies that if workers are more risk averse than firms, then workers will pay a price in order to obtain wage indexation. This prediction is tested on a sample of 3,115 U.S. manufacturing collective bargaining negotiations from 1967 to 1982.
Hendricks, Wallace E, Kahn, Lawrence M
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Efficiency Wages and Local Wage Bargaining
The Scandinavian Journal of Economics, 1996Summary: In the literature on wage drift, it is often argued that strikes or work-to-rule practices are used to force employers to pay a wage rate that exceeds the contract wage. Here, we introduce the efficiency wage argument as a foundation for bargaining about wage drift.
Muysken, Joan, van Veen, Tom
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2020
This chapter begins with a historical review of the federal minimum wage and data about minimum wage. The current federal minimum wage is $7.25 an hour and hasn’t been increased in 10 years. Twenty-nine states have a minimum wage higher than the federal one. An economic analysis of the minimum wage follows with a review of the empirical research.
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This chapter begins with a historical review of the federal minimum wage and data about minimum wage. The current federal minimum wage is $7.25 an hour and hasn’t been increased in 10 years. Twenty-nine states have a minimum wage higher than the federal one. An economic analysis of the minimum wage follows with a review of the empirical research.
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Minimum Wages, Wage Inflation, and the Relative Wage Structure
The Journal of Human Resources, 1982This paper reports an analysis of the effect of changes in legislated minimum wages on negotiated wage increases, using micro data on Canadian labor contracts between 1966 and 1975. The analysis departs from previous studies in that it divides the sample data base into high- and low-wage sectors.
Robert Swidinsky, David A. Wilton
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1987
Women’s average wages are consistently lower than men’s average wages in all countries, even after adjustments for differences in working hours. These lower wages cannot be simply explained by differences in the productivity of women workers, or by the segregation of women into different jobs: they are related to the role of women in the social ...
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Women’s average wages are consistently lower than men’s average wages in all countries, even after adjustments for differences in working hours. These lower wages cannot be simply explained by differences in the productivity of women workers, or by the segregation of women into different jobs: they are related to the role of women in the social ...
openaire +1 more source