Stocasthic frontiers and wage inefficiency in Venezuela

This paper analyzes wage inefficiency in Venezuela in 2006 based on the methodology of stochastic frontiers. Empirical results indicate that employers’ inefficiency is above 30%, while for employees inefficiency is not statistical significant. This can be explained by government role in the labor market and by the fact that employers may be paying efficiency wages to increase productivity.

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Year of publication:	2012
Authors:	Harmath, Pedro ; Ramoni, Josefa
Published in:	Economía. - Instituto de Investigaciones Económicas y Sociales, ISSN 1315-2467. - Vol. 37.2012, 33, p. 107-142
Publisher:	Instituto de Investigaciones Económicas y Sociales
Subject:	Stochastic frontiers \| wages \| labor market

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Extent:	application/pdf
Type of publication:	Article
Classification:	C21 - Cross-Sectional Models; Spatial Models ; C50 - Econometric Modeling. General ; J01 - Labor Economics: General ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010604349