Format:
1 Online-Ressource (ix, 178 pages)
,
digital, PDF file(s)
ISBN:
9780511559594
Content:
One of the more troubling aspects of the ferment in macroeconomics that followed the demise of the Keynesian dominance in the late 1960s has been the inability of many of the new ideas to account for unemployment remains unexplained because equilibrium in most economic models occurs with supply equal to demand: if this equality holds in the labor market, there is no involuntary unemployment. Efficiency Wage Models of the Labor Market explores the reasons why there are labor market equilibria with employers preferring to pay wages in excess of the market-clearing wage and thereby explains involuntary unemployment. This volume brings together a number of the important articles on efficiency wage theory. The collection is preceded by a strong, integrative introduction, written by the editors, in which the hypothesis is set out and the variations, as described in subsequent chapters, are discussed
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
,
Introduction
,
The Theory of Underemployment in Densely Populated Backward Areas
,
Another Possible Source of Wage Stickiness
,
Equilibrium Unemployment as a Worker Discipline Device
,
Involuntary Unemployment as a Principal-Agent Equilibrium
,
Labor Contracts as Partial Gift Exchange
,
A Model of the Natural Rate of Unemployment
,
Job Queues and Layoffs in Labor Markets with Flexible Wages
,
Hierarchy, Ability, and Income Distribution
,
Incentives, Productivity, and Labor Contracts
,
Work Incentives, Hierarchy, and Internal Labor Markets
Additional Edition:
ISBN 9780521321563
Additional Edition:
ISBN 9780521312844
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780521321563
Language:
English
DOI:
10.1017/CBO9780511559594
URL:
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