Adamchik, Vera A.; King, Arthur E. - In: The International Journal of Business and Finance Research 1 (2007) 2, pp. 41-50
In this paper, we apply a stochastic frontier approach in order to analyze labor market efficiency in Poland – a transition economy and a new entrant to the European Union. Wage efficiency is defined as the ratio of a worker’s actual and potential (maximum) wage, given his or her...