The impacts of introducing work requirements for welfare recipients are studied in an efficiency wage model. If the workfare package is not mandatory, it will reduce employment, profits, and utility levels of employed and unemployed workers. In contrast, mandatory effort requirements will...

Consider a labour market with heterogeneous workers. Firms recruit workers by fixing a hiring standard and a wage offer simultaneously. A more demanding hiring standard necessitates a better wage offer in order to attract enough qualified applicants. As a result, an efficiency wage effect is...

Die traditionelle Abgrenzung des Forschungsgegenstandes der Industrieökonomik führt zu einer starken Beschränkung ihres normativen und positiven Aussagegehaltes. Eine deutliche Erweiterung ist durch explizite Berücksichtigung vorgelagerter Märkte, insbesondere des Arbeitsmarktes, zu...