Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes … efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers … that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with …

productivity observed in a sample of ten unionized plants. It is argued that this relationship reflects the productivity …

productivity observed in a sample of ten unionized plants. It is argued that this relationship reflects the productivity …

The aim of this study is to evaluate employees' productivity in relation to their contract status. This study uses (a … and productivity of two types of workers. Empirical results indicate that employees holding FTC are twice more productive …

. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … Portuguese datasets. I found that firms do insure workers against product market uncertainties, but the magnitude of the wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …