goals. In the public sector enterprises, it is widely believed that the relationship between wages and their productivity …. The link between wages and productivity is established through two routes-marginal productivity theory and efficiency wage … theory but in different directions. To find the inter-relationship between wages and productivity, public sector enterprises …

May 2000 - Reformers of China's state enterprises should realize that more could be realized from capital transfer than …-owned industrial enterprises in China. Their results indicate the prevalence of low and stagnant labor productivity, low capital … productivity, and excessively high wages in the state sector for the period reviewed (1994-97). The private sector exhibited …