Search Results - subject_exact:"Shirking model"

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

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

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

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

Show 3 more versions 3

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

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

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

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

Show 2 more versions 2

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

Show one more version 1

Fiscal Shocks in an Efficiency Wage Model

Burnside, Craig - 2000

Book / Working Paper

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

Show one more version 1

How Efficiency Wage Theory Helps Explain Differences in Bank Financial Performance

McNulty, James E.; Brady, Kevin - 2022

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

Show 2 more versions 2

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

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

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

Show one more version 1

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

Show 3 more versions 3

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

Show one more version 1

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

Show one more version 1

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

Show one more version 1

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

Show one more version 1

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

Show 3 more versions 3

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

Show one more version 1

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

Earnings-related severance pay

Goerke, Laszlo - 2006

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003393629

Show 2 more versions 2

Earnings-related severance pay

Goerke, Laszlo - 2006

Book / Working Paper

Earnings-Related Severance Pay

Goerke, Laszlo - 2021

Book / Working Paper

Did Henry Ford pay efficiency wages?

Raff, Daniel M. G. - 1987

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001268652

Show 2 more versions 2

Did Henry Ford Pay Efficiency Wages?

Raff, Daniel M. G.; Summers, Lawrence Henry - 2021

Book / Working Paper

Did Henry Ford Pay Efficiency Wages?

Raff, Daniel M.G. - 1986

Book / Working Paper

Labor-market dynamics when unemployment is a worker discipline device

Kimball, Miles S. - 1994

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001168940

Show 3 more versions 3

Labor market dynamics when unemployment is a worker discipline device

Kimball, Miles S. - 1989

Book / Working Paper

Labor Market Dynamics When Unemployment is a Worker Discipline Device

Kimball, Miles S. - 2021

Book / Working Paper

Labor Market Dynamics When Unemployment Is A Worker Discipline Device

Kimball, Miles S. - 1989

Book / Working Paper

Making It Public : The Effect of (Private and Public) Wage Proposals on Efficiency and Income Distribution

Ezquerra, Lara; Gómez-Miñambres, Joaquín; Jiménez, … - 2021

The implications of (public or private) pre-play communication and information revelation in a labour relationship is not well understood. We address these implications theoretically and experimentally. In our baseline experiments, the employer offers a wage to the worker who may then accept or...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013218668

A Test of Negotiation and Incentive Compensation Models Using Longitudinal French Enterprise Data

Abowd, John M.; Kramarz, Francis - 2021

In this paper we model the determinants of firm level wages and employment explicitly allowing for firm and worker heterogeneity. Our firms have three types of workers (cadres, skilled and unskilled) and may explicitly choose from among three distinct contracting regimes (strong form efficiency,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013218820

Show one more version 1

A Test of Negotiation and Incentive Compensation Models Using Longitudinal French Enterprise Data

Abowd, John M. - 1992

Book / Working Paper

Do labor rents justify strategic trade and industrial policy?

Dickens, William T. - 1995

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10000913558

Show 2 more versions 2

Do Labor Rents Justify Strategic Trade and Industrial Policy?

Dickens, William T. - 2021

Book / Working Paper

Do Labor Rents Justify Strategic Trade and Industrial Policy?

Dickens, William T. - 1995

Book / Working Paper

State-Owned Enterprises, Shirking and Trade Liberalization

Ghosh, Madanmohan; Whalley, John - 2021

We explore the implications of trade liberalization in economies with State Owned enterprises (SOEs) and shirking. SOEs are modelled as controlled by the members of the enterprise who determine output and effort levels, while facing output prices and wage rates set by government. Enterprise...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013219690

Show one more version 1

State-Owned Enterprises, Shirking and Trade Liberalization

Ghosh, Madanmohan - 2000

Book / Working Paper

The Welfare State, Redistribution and the Economy, Reciprocal Altruism, Consumer Rivalry and Second Best

van der Ploeg, Rick - 2021

Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013319137

Labour and Product Market Reforms : A Case for Policy Complementarity

Amable, Bruno; Gatti, Donatella - 2021

This paper is a contribution to the debate on policy complementarity in relation to deregulation in the product and labour markets. We develop a model of dynamic efficiency wages and monopolistic competition. Whereas most of the literature points toward the gains associated to an increase in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013319187

Time limits on welfare use under involuntary unemployment

Holzner, Christian; Meier, Volker; Werding, Martin - 2004

The impacts of introducing or tightening time limits on welfare use are studied in an efficiency wage model. Those losing access to regular benefits receive some smaller benefit, which can be interpreted as food stamps. Stricter time limits raise both employment and profits and generally reduce...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011449595

Show one more version 1

Time Limits on Welfare Use Under Involuntary Unemployment

Holzner, Christian; Meier, Volker; Werding, Martin - 2021

Book / Working Paper

Tax progressivity and tax evasion

Goerke, Laszlo - 2003

More progressive income taxes raise employment in models of imperfectly competitive labour markets. However, this prediction is not robust to modifications of the analytical structure. For example, in an efficiency wage setting, more progressive taxes reduce profits. This induces firms to exit...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001870745

Show 2 more versions 2

Tax progressivity and tax evasion

Goerke, Laszlo - 2003

Book / Working Paper

Tax Progressivity and Tax Evasion

Goerke, Laszlo - 2021

Book / Working Paper

Equilibrium Unemployment Under Negotiated Profit Sharing

Koskela, Erkki; Stenbacka, Rune - 2021

We study employment, employee effort, wages and profit sharing when firms face stochastic revenue shocks and when base wages and profit shares are determined through negotiations. The negotiated profit share depends positively on the relative bargaining power of the trade union and it has...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013319814

Training, job security and incentive wages

Katsimi, Mararita - 2008

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003642272

Show one more version 1

Training, Job Security and Incentive Wages

Katsimi, Margarita - 2021

Book / Working Paper

Efficiency wages and effort : are hard jobs better?

Strobl, Eric; Walsh, Frank A. - 2002

Efficiency wage theory predicts that the wage per unit of effort will be lower in intensively monitored sectors. This wage differential will increase in effort. Using employer-employee matched data from Ghana we provide evidence supporting this hypothesis.

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011415326

Show 2 more versions 2

Efficiency wages and effort : are hard jobs better?

Strobl, Eric - 2002

Book / Working Paper

Efficiency Wages and Effort : Are Hard Jobs Better?

Strobl, Eric; Walsh, Frank A. - 2021

Book / Working Paper

Employee referrals and efficiency wages

Kugler, Adriana D. - 2003

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001789292

Show 4 more versions 4

Employee referrals and efficiency wages

Kugler, Adriana D. - 2002

Book / Working Paper

Employee referrals and efficiency wages

Kugler, Adriana D. - 2002

Book / Working Paper

Employee referrals and efficiency wages

Kugler, Adriana D. - 2002

Book / Working Paper

Employee Referrals and Efficiency Wages

Kugler, Adriana D. - 2021

Book / Working Paper

How do firms redline workers?

Zenou, Yves - 2002

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001726910

Show 5 more versions 5

How do firms redline workers?

Zenou, Yves - 2002

Book / Working Paper

How do firms redline workers?

Zenou, Yves - 2002

Book / Working Paper

How do firms redline workers?

Zenou, Yves - 2002

Book / Working Paper

How do firms redline workers?

Zenou, Yves - 2002

Book / Working Paper

How Do Firms Redline Workers?

Zenou, Yves - 2021

Book / Working Paper

Disentangling pay and productivity in a corporatist economy : the case of Germany

Fuess, Scott M.; Millea, Meghan - 2002

Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011413818

Show 2 more versions 2

Disentangling pay and productivity in a corporatist economy : the case of Germany

Fuess, Scott M. - 2002

Book / Working Paper

Disentangling Pay and Productivity in a Corporatist Economy : The Case of Germany

Fuess, Scott M.; Millea, Meghan - 2021

Book / Working Paper

Worker Flows, Job Flows and Firm Wage Policies : An Analysis of Slovenia

Vodopivec, Milan; Haltiwanger, John C. - 2021

Like many transition economies, Slovenia is undergoing profound changes in the workings of the labor market with potentially greater flexibility in terms of both wage and employment adjustment. We investigate the impact of the changing labor market for Slovenia using unique longitudinal matched...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320426

Wage policy and endogenous wage rigidity : a representative view from the inside

Agell, Jonas; Bennmarker, Helge - 2002

We report the results from a representative survey of human resource managers in 885 Swedish firms. We estimate that during the severe recession of the 1990s, only 1.1 percent of workers took a cut in regular nominal pay. We trace the lack of wage moderation to a combination of exogenous...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011572946

Show one more version 1

Wage Policy and Endogenous Wage Rigidity : A Representative View from the Inside

Agell, Jonas; Bennmarker, Helge - 2021

Book / Working Paper