efficiency wages. We utilise the Australian Business Longitudinal Survey (1995-98) and the BHPS (1990-2002) to estimate the …. The evidence provides the following new insights: (a) the efficiency wages premium boosts productivity; (b) non … efficiency wages correlate positively with excess managerial pay; (d) Bewley's (1998) claim of an asymmetric efficiency wages …

"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences by helping or … Serven provide an empirical analysis of the macroeconomic impact of regulation. They first characterize the stylized facts on …

1980s, the financial sector started paying higher wages and hiring more skilled individuals than the rest of economy. These … in relative wages, controlling for education, which partly reflects an increase in unemployment risk: Finance jobs used …