This paper analyzes the impact of health system in the economic growth, based upon three macroeconomic models. The first one considers the economy with only one sector, but with morbidity; in the others the economy is divided in two sectors, the productive sector and the health sector,...

We propose a dynamic efficiency wage model with learning by doing. By taking into account the change inthe stock of workers’ knowledge, firms set efficiency wages such that the effort–wage elasticity is not in general equal to one.

The Maximum Entropy Principle (MEP) maximizes the entropy provided that the effort remains constant. The Principle of Least Effort (PLE) minimizes the effort provided that the entropy remains constant. The paper investigates the relation between these two principles. In some kinds of effort...

Various taxes influence wage and employment outcomes in efficiency wage models. These findings are extended by incorporating more comprehensive tax functions, additional tax parameters, union-firm wage bargaining, and balanced budget restrictions. Moreover, the importance of different effort...

Various taxes influence wage and employment outcomes in efficiency wage models. These findings are extended by incorporating more comprehensive tax functions, additional tax parameters, union-firm wage bargaining, and balanced budget restrictions. Moreover, the importance of different effort...

Various taxes influence wage and employment outcomes in efficiency wage models. These findings are extended by incorporating more comprehensive tax functions, additional tax parameters, union-firm wage bargaining, and balanced budget restrictions. Moreover, the importance of different effort...