Efficiency Wages, Unemployment Benefits and Union-firm Wage Bargaining
Author | : Vesna Stavrevska |
Publisher | : |
Total Pages | : 149 |
Release | : 2012 |
Genre | : |
ISBN | : 9789089940544 |
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Author | : Vesna Stavrevska |
Publisher | : |
Total Pages | : 149 |
Release | : 2012 |
Genre | : |
ISBN | : 9789089940544 |
Author | : Asbjørn Rødseth |
Publisher | : |
Total Pages | : 28 |
Release | : 1991 |
Genre | : Collective bargaining |
ISBN | : |
Author | : Laszlo Goerke |
Publisher | : Springer Science & Business Media |
Total Pages | : 308 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461507871 |
This chapter has set out in detail the models which are employed below in order to analyse the labour market effects of changes in tax rates and in alterations in the tax structure. The fundamental mechanisms underlying the different approaches have been pointed out. Moreover, vital assumptions have been emphasised. By delineating the models which are used for the subsequent analyses, implicitly statements have also been made about topics or aspects which this study does not cover. For example, all workers and firms are identical ex ante. However, ex-post differences are allowed for, inter alia, if unemploy ment occurs or if some firms have to close down. These restrictions indicate areas of future research insofar as that the findings for homogeneous workers or firms yield an unambiguous proposal for changes in tax rates or the tax structure in order to promote employment. This is because it would be desir able for tax policy to know whether the predicted effects also hold in a world with ex-ante heterogeneity. Furthermore, the product market has not played a role. Therefore, repercussions from labour markets outcomes on product demand - and vice versa - are absent. 55 Moreover, neither the process of capital accumulation, be it physical or human capital, nor substitution pos sibilities between labour and capital in the firms' production function are taken into account. Finally, international competition is not modelled.
Author | : Andrew Weiss |
Publisher | : Princeton University Press |
Total Pages | : 126 |
Release | : 2014-07-14 |
Genre | : Political Science |
ISBN | : 140086206X |
Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules affect the kinds of workers a firm employs and how well those workers perform on the job. Using straightforward examples, he demonstrates how efficiency-wage theory can explain labor market outcomes and guide government policy. There is a separate section of applications to less developed countries. "Efficiency-wage models represent one of the most important developments in economic theory of recent years. They have, at last, provided integrated explanations both of macroeconomic phenomena, such as unemployment and wage rigidity, and microeconomic phenomena, such as wage dispersion. Weiss--one of the pioneers of efficiency-wage theory--provides here a masterful survey, a lucid and systematic and yet critical account of this rapidly developing branch of economics. This book should be required reading in all courses in macroeconomics."--Joseph Stiglitz, Stanford University "Efficiency Wages should be on the bookshelf of all labor and macroeconomists."--Lawrence H. Summers, Harvard University "A splendid monograph ... most readable... I will put it on my reading list."--Partha Dasgupta, Stanford University Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author | : Steinar Holden |
Publisher | : |
Total Pages | : 14 |
Release | : 1988 |
Genre | : Collective bargaining |
ISBN | : |
Author | : C. E. van der Ploeg |
Publisher | : |
Total Pages | : 54 |
Release | : 1987 |
Genre | : Efficiency wage theory |
ISBN | : |
Author | : Lawrence H. Summers |
Publisher | : |
Total Pages | : 36 |
Release | : 1988 |
Genre | : Keynesian economics |
ISBN | : |
While modern economic theorists have produced a variety of explanations for the failure of wages to fall in the face of unemployment, Keynes emphasis on relative wages has not been reflected in most contemporary discussions. This short paper suggests that relative wage theories in which workers' productivity depends primarily on their relative wage provide the best available apparatus for understanding actual unemployment and its fluctuations. Such theories are very closely related to the efficiency wage theories that have received widespread attention in recent years.
Author | : Atilano Jorge Padilla |
Publisher | : |
Total Pages | : 44 |
Release | : 1994 |
Genre | : Labor economics |
ISBN | : |
El trabajo trata de investigar como los salarios equilibrados y el empleo, reaccionan para cambiar en el mercado laboral y productivo, el ciclo económico y la política económica.
Author | : Peter J. Sanfey |
Publisher | : |
Total Pages | : 10 |
Release | : 1993 |
Genre | : Incentives in industry |
ISBN | : |
Author | : Yoram Weiss |
Publisher | : Springer |
Total Pages | : 350 |
Release | : 1989-06-18 |
Genre | : Social Science |
ISBN | : 1349106887 |
A collection of papers which analyzes and measures unemployment as a search activity, discusses efficiency wage models and which considers the impact of government and unions on employment and unemployment.