worker negotiate over the worker's marginal productivity, the firm's wage is a function of its labour force. Reacting to this …

wages, particularly for unskilled workers. Further reductions in non-tariff barriers produce a less well-determined effect … affect wages so markedly. …

We develop and analyse a structural model of efficiency wages founded on reciprocity. Workers are assumed to face an … efficiency wages has important macroeconomic consequences: rent-sharing considerations promote wage rigidity, internal …

The missing wage rigidity in general equilibrium models of efficiency wages is an artifact of the external wage … perspective are capable of generating strong wage rigidity. We propose a structural model of efficiency wages that is broadly … firm productivity is a significant predictor of wage setting. …

firms) and a measure of wage entitlement are critical to fit the dynamic responses of hours, wages and inflation to various …

wage is positive. The model shows the effect of unemployment benefits, average productivity, and risk on the desirability …

finds that higher wages are associated with lower monitoring, irrespective of whether these high wages are caused by labour …. Labour market regulations that reduce monitoring by pushing wages up may increase net output or reduce it only by a small …

The aim of this paper is to analyse the effects of suburban housing discrimination on the wages and unemployment rates … of black workers. In a duocentric city with efficiency wages, it is shown that, when blacks experience suburban housing … discrimination, they face a higher unemployment rate in the central city than in the suburbs, also earning lower wages in the centre …