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A Simple Test of the Efficiency Wage Hypothesis Revisited
Dastani, Parsis; Laisney, François; Vouillaume, Sophie - 1997
Gerlach and Stephan (1994) proposed a test based on the idea that the wage premium, the part of the wage which is not explained by the stock of human capital, should help predict variables such as career expectations (quit, change occupation, leave the labour force) and some job characteristics...
Persistent link: https://www.econbiz.de/10010299630
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Tax Liability Side Equivalence in Gift-Exchange Labor Markets
Riedl, Arno; Tyran, Jean-Robert - 2003
Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...
Persistent link: https://www.econbiz.de/10010324733
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Insurance-markets Equilibrium with a Non-convex Labor Supply decision, Unobservable Effort, and Efficiency Wages of the "No-shirking" Type
Vasilev, Aleksandar - In: Theoretical and Practical Research in Economic Fields X (2019) 1 [accepted]
The purpose of this paper is to describe the lottery- and insurance-market equilibrium in an economy with non-convex labor supply decision, unobservable effort, and efficiency wages of the no-shirking type a la Shapiro and Stiglitz (1984). The presence of indivisible labor creates a market...
Persistent link: https://www.econbiz.de/10011997036
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Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type
Vasilev, Aleksandar - In: Journal of Mathematical Economics and Finance IV (2018) 1(6), pp. 19-33
The purpose of this note is to explore the problem of non-convex labor supply decision in an economy with imperfect observability of work effort, and the need to use efficiency wages to prevent shirking as in Shapiro and Stiglitz (1984). In addition, the paper and explicitly performs the...
Persistent link: https://www.econbiz.de/10011848513
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Value-added Tax versus Social Security Contributions
Goerke, Laszlo - 1999
In order to alleviate unemployment it is often recommended to reduce social security contributions (SSC) and to compensate for the ensuing loss in revenues by a rise in the value-added tax (VAT). Assuming unemployment to be caused by efficiency wages, it is shown that a balanced-budget shift...
Persistent link: https://www.econbiz.de/10010262282
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The Wedge
Goerke, Laszlo - 1999
It is often argued that the quantity which is traded on the market is independent of the side of the market which is taxed. However, this assertion need not hold, especially in imperfectly competitive markets like that for labour. Taking an efficiency wage economy as an example, it is shown that...
Persistent link: https://www.econbiz.de/10010262292
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Employment Effects of Labour Taxation in an Efficiency Wage Model with Alternative Budget Constraints and Time Horizons
Goerke, Laszlo - 2000
In an efficiency wage economy with variable profits, a shift from payroll to employment taxes will reduce unemployment if the tax level is held constant at the initial wage. However, unemployment will rise if firms are constrained to zero profits in the long-run and if tax revenues are constant....
Persistent link: https://www.econbiz.de/10010262360
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An efficiency-wage model with habit concerns about wages
Goerke, Laszlo - 2020
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012290507
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Earnings-related severance pay
Goerke, Laszlo - 2006
In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However, severance payments are usually related to wages. It is shown that earnings-related, mandated severance pay will have ambiguous employment effects if effort can be varied...
Persistent link: https://www.econbiz.de/10003355561
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The Todaro paradox revisited
Zenou, Yves (contributor) - 2005
and search-matching models. For that, we study a policy that consists in decreasing the urban unemployment benefit. In an … efficiency wage model, we find that there is no Todaro paradox while this is not always true in a search-matching model since a … decrease in the urban unemployment benefit can increase both urban employment and unemployment. -- efficiency wages ; search …
Persistent link: https://www.econbiz.de/10003287853