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

bargaining. But it is not always true that equilibrium wages exceed those under individual bargaining. If unemployment benefits … are sufficiently low, collectively bargained wages are smaller. The theory sheds new light on policies concerned with …

consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that East German … data predicts ten percent lower aggregate labor productivity in East Germany …When employers face a trade-off between being large and paying low wages - and in this sense have monopsony power …

bargaining. But it is not always true that equilibrium wages exceed those under individual bargaining. If unemployment benefits … are sufficiently low, collectively bargained wages are smaller. The theory sheds new light on policies concerned with …

. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …

efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …

This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find … opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with …

This paper extends the efficiency wages/partially adaptive expectations Phillips curve, otherwise known as the price …

efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …