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attempt to raise their productivity to the level required to gain employment. Second, employers faced with an inability to …
Persistent link: https://www.econbiz.de/10013138315
This paper investigates whether the minimum wage leads to inefficient job rationing. By not allowing wages to clear the labor market, the minimum wage could cause workers with low reservation wages to be rationed out while equally skilled workers with higher reservation wages are employed. This...
Persistent link: https://www.econbiz.de/10012760219
Medical care is characterized by enormous inefficiency. Costs are higher and outcomes worse than almost all analyses of the industry suggest should occur. In other industries characterized by inefficiency, efficient firms expand to take over the market, or new firms enter to eliminate...
Persistent link: https://www.econbiz.de/10013069807
productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such … literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity … regulation. The largest section analyses the impact of HRM on productivity emphasizing issues of methodology, data and results …
Persistent link: https://www.econbiz.de/10013069842
's agricultural productivity. We present a method for assessing the role of price increases and strengthened individual incentives due …
Persistent link: https://www.econbiz.de/10012777373
This paper examines performance in a tournament setting with different levels of inequality in rewards and different provision of information about individual's skill at the task prior to the tournament. We find that that total tournament output depends on inequality according to an inverse U...
Persistent link: https://www.econbiz.de/10012767237
's agricultural productivity. We present a method for assessing the role of price increases and strengthened individual incentives due …
Persistent link: https://www.econbiz.de/10013321599
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...
Persistent link: https://www.econbiz.de/10014193865
This paper uses national household survey data to examine changes in real per capita incomes in South Africa between 1993 and 2008; the start and the end of the first fifteen years of post-apartheid South Africa. These data show an increase in average per capita real incomes across the distribution....
Persistent link: https://www.econbiz.de/10013131678
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy...
Persistent link: https://www.econbiz.de/10013132486