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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 …
Persistent link: https://www.econbiz.de/10010443316
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 …
Persistent link: https://www.econbiz.de/10014154314
Persistent link: https://www.econbiz.de/10000998276
Using German establishment data, this study finds that the share of blue-collar workers, an outdated production technology and a high-wage policy increase the probability that employers regard the threat of dismissal as a suitable incentive. A participatory HRM policy, the incidence of a works...
Persistent link: https://www.econbiz.de/10010529905
This paper formalizes the use of flexible labor contracts in an efficiency wage framework and derives market dualism as an endogenous outcome. By allowing temporary contracts to be either renewed or converted into permanent contracts, new theoretical insights emerge both on the equilibrium wage...
Persistent link: https://www.econbiz.de/10013057255
This paper employs a novel dataset on government wages to investigate the relationship between government remuneration … government wages as used in previous research. When the relationship between government wages and corruption is modeled to vary … with the level of income, we find that the impact of government wages on corruption is strong at relatively low …
Persistent link: https://www.econbiz.de/10009743717
. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …
Persistent link: https://www.econbiz.de/10013319909
Consider a labour market with heterogeneous workers. Firms recruit workers by fixing a hiring standard and a wage offer simultaneously. A more demanding hiring standard necessitates a better wage offer in order to attract enough qualified applicants. As a result, an efficiency wage effect is...
Persistent link: https://www.econbiz.de/10013320562
, resulting in wages that workers deem unfair, along with adverse worker morale consequences in equilibrium. These insights reveal … the efficiency costs of subcontracting as an employer strategy to redress workers' demand for fair wages. …
Persistent link: https://www.econbiz.de/10012116361
functions regressions. Dependent variables are logarithms of the mean sector wages considered for each case. Some statistical … reflecting good assignment of people to jobs and/or tasks - on productivity and, thus, production. …
Persistent link: https://www.econbiz.de/10011870141