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Motivation and markets

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Labor turnover and the natural rate of unemployment : efficiency wage versus frictional unemployment

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Wage premiums and profit maximization in efficiency wage models

MacLeod, William Bentley - In: European economic review : EER 37 (1993) 6, pp. 1223-1249

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Turnover costs, efficiency wages and cycles

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Motivation and Markets

MacLeod, W. Bentley; Malcomson, James M. - 1998

Many workers receive pay based on subjectively assessed performance, yet the shirking model of efficiency wages excludes it. This paper incorporates such pay, with the following results. Performance pay is more efficient than efficiency wages when the costs of having a job vacant are low and...

Persistent link: https://www.econbiz.de/10014059625