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intensification within and across African countries. In this study we look at the case of Ghana to identify whether fast population … relevance of Green Revolution technologies for agricultural production in Ghana. In particular, we analyze whether fertilizer … use in Ghana is associated with high population density and intensive cereal production and whether land …
Persistent link: https://www.econbiz.de/10010906745
Persistent link: https://www.econbiz.de/10008610261
Efficiency wage theories arguethat firms induce their employees to work in a moredisciplined way by paying high wages. Two basicmechanisms have been pointed out in economics about how these wage premia motivate employees.The incentives-driven `shirking model' impliesthat employees who have a...
Persistent link: https://www.econbiz.de/10010989445
The ability of search and matching models to replicate stylized facts—such as volatilities and correlations—has been a center of attraction over the last couple of years. This paper introduces the Akerlof (Q J Econ 97:543–569, <CitationRef CitationID="CR1">1982</CitationRef>) fair wage approach into an endogenous separation search...</citationref>
Persistent link: https://www.econbiz.de/10010994734
This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...
Persistent link: https://www.econbiz.de/10010877789
We investigate the optimal design of a committee in a model with the endogenous participation of experts who have private information about their own abilities. We study three different dimensions of committee design: members' wages, the number of seats, and the communication system. We show...
Persistent link: https://www.econbiz.de/10010883490
This paper extends the efficiency wages/partially adaptive expectations Phillips curve, otherwise known as the price-price Phillips curve, from a closed economy context to an open economy one with both commodity trade and capital mobility. We also consider the case of a monetary union (a...
Persistent link: https://www.econbiz.de/10010886968
I discuss some key issues raised by behavioral economics for better understanding the working of the labor market. Amongst the key points in this paper are: (i) a revised modeling of the labor supply curve, with a specific focus on the target income approach (ii) elaborating on the importance of...
Persistent link: https://www.econbiz.de/10010904178
This paper studies the dynamic interaction between product market competition and incentives against shirking. It is shown that efficiency wages can both increase and decrease when competition becomes fiercer. Instead, discretionary bonuses do not vary with competition but there exists an upper...
Persistent link: https://www.econbiz.de/10010933027
Empirical work suggests the presence of a public sector wage premium, the reasons for which are investigated in this paper. The results demonstrate a higher premium paid to women and premium decreases concurrent with skills. Job security undermines the incentive to work hard and forces the...
Persistent link: https://www.econbiz.de/10010944433