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Traditionally poverty has been understood only as ‘lack of income’. However, with the passage of time it was realised that poverty is a complex and multidimensional phenomenon. Mahboob-ul-Haq (1973) and Sen (1975) argued that development is about enlarging human capabilities, rather than...
Persistent link: https://www.econbiz.de/10011170230
The object of this paper is to present an exposition of Efficiency Wage theory, and to test its basic assertions in the context of Pakistan. The Great Depression of 1929 showed that labour disequilibrium persists for long periods of time. One of the causes of this was rigidity of nominal wages,...
Persistent link: https://www.econbiz.de/10005838605
We study the role of reciprocity in a labour market field experiment. Recently, many experiments have been conducted to test the extent to which cash and non-monetary gifts affect workers’ productivity through social exchange. Our experiment concluded that non-monetary gifts are more effective...
Persistent link: https://www.econbiz.de/10010548398