Search Results - subject_exact:"Efficiency wages"

The payoffs of higher pay : labor supply and productivity responses to a voluntary firm minimum wage

Emanuel, Natalia; Harrington, Emma - 2026

What are the returns to firms of paying more? We study a Fortune 500 firm's voluntary firm-wide $15/hour minimum wage, which affected some warehouses more than others. Using a continuous difference-in-differences design, we find that a $1/hour pay increase (5.5 percent) halves worker departures,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604670

Off the labor supply curve : the zero employer size wage effect within large firms

Diegmann, André; Müller, Steffen; Schoefer, Benjamin - 2026

We revisit the employer size wage effect (ESWE) - arguably the most basic and influential departure from the law of one price for labor. Our main result is that this canonical fact disappears completely across establishments within the same firm, even though they operate in different local labor...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651627

Off the labor supply curve: The zero employer size wage effect within large firms

Diegmann, André; Müller, Steffen; Schoefer, Benjamin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654836

Vacancy fluctuations in a macroeconomic model with a strategic labor input target

Matsue, Toyoki - 2026

This study investigates the effects of changes in job-filling and job-separation rates on economic fluctuations using an efficiency wage model. It introduces a relationship between labor input and the strategic labor input target into the model. This framework enables us to analyze situations in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633702

Efficiency wages, consumption inequality and self-fulfilling business cycles

Dai, Wei; Weder, Mark; Zhang, Bo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015549571

Follow the money : trucker pay incentives, working time, and safety

Ju, Shengyang; Belzer, Michael H. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015055074

Does pay inequality affect worker effort? : an assessment of experimental designs and evidence

Fongoni, Marco - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014553111

Job search, efficiency wages and taxes

Bryson, Alex; Dale-Olsen, Harald - 2024

Norwegian workers' job mobility decisions are related to firms' wage policies, but also depend on the national tax schedule. By utilising Norwegian population-wide administrative linked employer-employee data on workers and firms between 2010-2019, we study how the job-to-job turnover of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078080

Wage differences in poland at the county level and their determinants

Luśtyk, Agata; Połeć, Anna; Voznyuk, Inna - 2024

This study investigates the impact of unemployment and labour productivity on relative wages in Polish counties (powiats) from 2008 to 2021. Labour productivity is measured as the ratio of sold industrial production to the number of workers. The data is sourced from the Local Data Bank of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015415531

Efficiency wages with motivated agents

Armouti-Hansen, Jesper; Cassar, Lea; Deréky, Anna; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014545413

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Efficiency wages with motivated agents

Armouti-Hansen, Jesper; Cassar, Lea; Deréky, Anna - 2021

Book / Working Paper

Efficiency wages with motivated agents

Armouti-Hansen, Jesper; Cassar, Lea; Deréky, Anna - 2020

Book / Working Paper

Efficiency Wages with Motivated Agents

Armouti-Hansen, Jesper - 2020

Book / Working Paper

An efficiency-wage model with habit concerns about wages

Goerke, Laszlo - 2020

We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012245105

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An efficiency-wage model with habit concerns about wages

Goerke, Laszlo - 2020

Book / Working Paper

An Efficiency-Wage Model with Habit Concerns about Wages

Goerke, Laszlo - 2020

Book / Working Paper

An Efficiency-Wage Model with Habit Concerns about Wages

Goerke, Laszlo - 2020

Book / Working Paper

An efficiency-wage model with habit concerns about wages

Goerke, Laszlo - 2020

Book / Working Paper

An efficiency-wage model with habit concerns about wages

Goerke, Laszlo - 2020

Book / Working Paper

An Efficiency-Wage Model with Habit Concerns About Wages

Goerke, Laszlo - 2020

Book / Working Paper

An Efficiency-Wage Model with Habit Concerns About Wages

Goerke, Laszlo - 2020

Book / Working Paper

Skill differences and wage-effort relationship : who are more exploited, high-skilled or low-skilled workers?

Park, Hyun Woong; Rieu, Dong-min - 2023

Who are more exploited, high-skilled or low-skilled workers? We address this question using the efficiency wage model with skill differentials incorporated. We perform simulations to find the Nash equilibrium numerically, and our central results are the following. First, higher-skilled workers...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014430880

Productivity effect of efficiency wages at small and medium-sized manufacturing enterprises : the case of Vietnam

Tung Nhu Nguyen - 2023

Purpose: This paper aims to investigate whether efficiency wages for production workers have a positive effect on labor productivity in Vietnam's manufacturing SMEs. Design/methodology/approach: The research analyzes the panel data of manufacturing SMEs collected by UNU-Wider in Vietnam in 2011,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014443278

Industry wage differentials : a firm-based approach

Card, David E.; Rothstein, Jesse; Yi, Moises - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014444297

How efficiency wage theory helps explain differences in bank financial performance

McNulty, James E.; Brady, Kevin P. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014633014

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How Efficiency Wage Theory Helps Explain Differences in Bank Financial Performance

McNulty, James E.; Brady, Kevin - 2022

Book / Working Paper

Technology choice with externalities

Böhm, Volker; Colombo, Luca V. A. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014370439

Employee referral, social proximity, and worker discipline : theory and suggestive evidence from India

Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012667043

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Employee referral, social proximity and worker discipline: theory and suggestive evidence from India

Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - 2019

Book / Working Paper

Efficiency wages in cournot-oligopoly

De Pinto, Marco; Goerke, Laszlo - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012126989

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Efficiency wages in Cournot-oligopoly

De Pinto, Marco; Goerke, Laszlo - 2019

Book / Working Paper

Efficiency Wages in Cournot-Oligopoly

De Pinto, Marco - 2019

Book / Working Paper

Optimal fiscal policy in a model with reciprocity in labor relations : the case of Bulgaria

Vasilev, Aleksandar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015416559

Optimal fiscal policy in a model with efficiency wages : the case of Bulgaria

Vasilev, Aleksandar - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013503521

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Optimal fiscal policy in a model with efficiency wages: the case of Bulgaria

Vasilev, Aleksandar - 2022

Article

Does pay inequality affect worker effort? : an assessment of existing laboratory designs

Fongoni, Marco - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013466148

Unobserved ability, efficiency wages, and interindustry wage differentials

Blackburn, McKinley L. - 1992

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001134208

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Unobserved Ability, Efficiency Wages, and Interindustry Wage Differentials

Blackburn, McKinley L.; Neumark, David - 2022

Book / Working Paper

Unobserved Ability, Efficiency Wages, and Interindustry Wage Differentials

Blackburn, McKinley - 1991

Book / Working Paper

Fiscal Shocks in an Efficiency Wage Model

Burnside, Craig; Eichenbaum, Martin S.; Fisher, Jonas D. M. - 2022

This paper analyzes the ability of a general equilibrium efficiency wage model to account for the estimated response of hours worked and of real wages to a fiscal policy shock. Our key finding is that the model cannot do so unless we make the counterfactual assumption that marginal tax rates are...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013308467

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Fiscal Shocks in an Efficiency Wage Model

Burnside, Craig - 2000

Book / Working Paper

Efficiency wages, unemployment, and environmental policy

Heutel, Garth; Zhang, Xin - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013364278

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Efficiency Wages, Unemployment, and Environmental Policy

Heutel, Garth; Zhang, Xin - 2022

Book / Working Paper

Efficiency Wages, Unemployment, and Environmental Policy

Heutel, Garth - 2020

Book / Working Paper

Efficiency wages in a cournot-oligopoly

De Pinto, Marco; Goerke, Laszlo - 2018

In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of competitors excessive, assuming labor productivity to depend on the number of employees only or to be constant. However, a firm can raise the productivity of its workforce by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011872018

A tale of two academic tracks

Asali, Muhammad - 2018

Given asymmetric information, this paper explores the need for non-tenure-track jobs in academia alongside the usual tenure-track positions. It also explains the coexistence of these two types of jobs in research universities as an equilibrium phenomenon. The increased effort needed to produce...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011820216

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A Tale of Two Academic Tracks

Asali, Muhammad - 2018

Book / Working Paper

University vice-chancellor pay, performance and (asymmetric) benchmarking

Gschwandtner, Adelina; McManus, Richard - 2018

We study the pay of UK universities chief executives ("vice-chancellors") over a ten year period. Although there is a correlation between pay and performance, with better performing institutions paying higher salaries, we find limited evidence that this relationship is causal; that is, we find...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011856876

Countercyclical endogenous uncertainty shocks, efficiency wages and procyclical precautionary labor productivity

Grandmont, Jean-Michel - 2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012196341

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Countercyclical endogenous uncertainty shocks, efficiency wages and procyclical precautionary labor productivity

Grandmont, Jean-Michel - 2017 - Revised October 2017

Edition: Revised October 2017

Book / Working Paper

Countercyclical Endogenous Uncertainty Shocks, Efficiency Wages and Procyclical Precautionary Labor Productivity

Grandmont, Jean-Michel - 2017

Book / Working Paper

A real-business-cycle model with reciprocity in labor relations and a government sector

Vasilevski, Aleksandar - 2017

In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011785061

Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type

Vasilev, Aleksandar - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011848513

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Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type

Vasilev, Aleksandar - 2017

Book / Working Paper

Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type

Vasilev, Aleksandar - 2018

Book / Working Paper

Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type

Vasilev, Aleksandar - 2017

Book / Working Paper

A Real-Business-Cycle model with efficiency wages and a government sector: the case of Bulgaria

Vasilev, Aleksandar - 2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011739205

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A real-business-cycle model with efficiency wages and a government sector : the case of Bulgaria

Vasilev, Aleksandar - 2017

Article

A real-business-cycle model with efficiency wages and a government sector : the case of Bulgaria

Vasilev, Aleksandar - 2017

Book / Working Paper

A real-business-cycle model with reciprocity in labor relations and fiscal policy : the case of Bulgaria

Vasilev, Aleksandar - 2017

In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011638342

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A Real-Business-Cycle model with reciprocity in labor relations and fiscal policy: the case of Bulgaria

Vasilev, Aleksandar - 2017

Book / Working Paper

Moral Hazard and Unemployment in Competitive Equilibrium

Rey, Patrick; Stiglitz, Joseph E. - 2024

Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014635663

Teaching behavioral macroeconomics : examples and applications

Perović, Lena Malešević - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015052656

Non-optimality of intellectual capital inputs : a new avenue for research

Barajas, Angel; Shakina, Elena - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015419514

Transition to democracy, real wages and productivity: The Turkish experience

Taymaz, Erol; Voyvoda, Ebru; Yılmaz, Kamil - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012628463

A Real-Business-Cycle model with search-and-matching frictions and efficiency ("fair") wages

Vasilev, Aleksandar - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012432746

Pensions, Efficiency Wages, and Job Mobility

Gustman, Alan L.; Steinmeier, Thomas L. - 2021

This paper finds that compensation premia and not pension backloading are responsible for the low mobility rates from jobs with pensions. Compensation premia, which may represent efficiency wages, are calculated as the difference in compensation between the current job and the best alternative...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013246668

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Pensions, Efficiency Wages, and Job Mobility

Gustman, Alan L. - 1987

Book / Working Paper

Relative wages, efficiency wages, and Keynesian unemployment

Summers, Lawrence Henry - 1988

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001046715

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Relative wages, efficiency wages, and Keynesian unemployment

Summers, Lawrence Henry - 1988

Book / Working Paper

Relative Wages, Efficiency Wages, and Keynesian Unemployment

Summers, Lawrence Henry - 2021

Book / Working Paper

Relative Wages, Efficiency Wages, and Keynesian Unemployment

Summers, Lawrence H. - 1988

Book / Working Paper

Efficient Wage Bargains Under Uncertain Supply and Demand

Hall, Robert E.; Lilien, David M. - 2021

Much recent thought has been devoted to the macroeconomic importance of the existence of wage contracts. Still, some puzzling features of the most conspicuous form of wage bargaining, that done formally by employers and labor unions, deserve further theoretical attention. Among these important...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013229840

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Efficient Wage Bargains Under Uncertain Supply and Demand

Hall, Robert E. - 1978

Book / Working Paper

Efficiency Wages and the Wage Structure

Krueger, Alan B.; Summers, Lawrence Henry - 2021

This paper examines differences in pay for equally skilled workers indifferent industries. The major finding is that there is substantialdispersion in wages across industries, even after allowing for measured andunmeasured labor quality, working conditions, fringe benefits, transitorydemand...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013230205

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Efficiency Wages and the Wage Structure

Krueger, Alan B. - 1986

Book / Working Paper

Why Do Wage Profiles Slope Upwards? Tests of the General Human Capital Model

Neumark, David; Taubman, Paul - 2021

This paper tests some empirical implications of the general human capital model's explanation of rising wage profiles. At the individual level, the model implies that there will be a negative relationship between the initial wage level and wage growth of young, inexperienced workers. At the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013231577

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Why Do Wage Profiles Slope Upwards? Tests of the General Human Capital Model

Neumark, David - 1994

Book / Working Paper

Are Efficiency Wages Efficient?

Dickens, William T.; Katz, Lawrence F.; Lang, Kevin - 2021

Efficiency wage models have been criticized because worker malfeasance can be prevented in a pareto efficient manner by requiring workers to post a bond which they lose if they are caught cheating. However, since it is costly to monitor workers and costless to demand a larger bond, firms should...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013233038

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Are Efficiency Wages Efficient?

Dickens, William T. - 1986

Book / Working Paper

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua; Spiegel, Mark - 2021

This paper models and tests the implications of costly enforcement of property rights on the pattern of foreign direct investment (FDI). We posit that domestic agents have a comparative advantage over foreign agents in overcoming some of the obstacles associated with corruption and weak...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013310209

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Institutional Efficiency, Monitoring Costs and the Investment Share of FDI

Aizenman, Joshua; Spiegel, Mark - 2006

Book / Working Paper

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua; Spiegel, Mark - 2005

Book / Working Paper

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua - 2002

Book / Working Paper

Employee Crime, Monitoring, and the Efficiency Wage Hypothesis

Dickens, William T.; Katz, Lawrence F.; Lang, Kevin; … - 2021

This paper offers some observations on employee crime, economic theories of crime, limits on bonding, and the efficiency wage hypothesis. We demonstrate that the simplest economic theories of crime predict that profit-maximizing firms should follow strategies of minimal monitoring and large...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013311844

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Employee Crime, Monitoring, and the Efficiency Wage Hypothesis

Dickens, William T. - 1987

Book / Working Paper

Employee Referral, Social Proximity and Worker Discipline : Theory and Evidence from India

Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - 2021

We study an important mechanism underlying employee referrals into informal low skilled jobs in developing countries. Employers can exploit social preferences between employee referees and potential workers to improve discipline. The profitability of using referrals increases with referee stakes...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013315747

Selection Wages : An Example

Schlicht, Ekkehart - 2021

Offering higher wages may enable firms to attract more applicants and screen them more carefully. If firms compete in this way in the labor market, "selection wages" emerge. This note illustrates this wage-setting mechanism. Selection wages may engender unconventional results, such as a pre-tax...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013317285