Efficiency Wages ：Models of Unemployment, Layoffs, and Wage Dispersion ( Princeton Legacy Library )

Publication subTitle ：Models of Unemployment, Layoffs, and Wage Dispersion

Publication series ：Princeton Legacy Library

Author： Weiss Andrew;;;  

Publisher： Princeton University Press‎

Publication year： 2014

E-ISBN: 9781400862061

P-ISBN(Paperback): 9780691003887

Subject： F244.3 incentive system

Keyword： 经济计划与管理

Language： ENG

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Description

Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules affect the kinds of workers a firm employs and how well those workers perform on the job. Using straightforward examples, he demonstrates how efficiency-wage theory can explain labor market outcomes and guide government policy. There is a separate section of applications to less developed countries. "Efficiency-wage models represent one of the most important developments in economic theory of recent years. They have, at last, provided integrated explanations both of macroeconomic phenomena, such as unemployment and wage rigidity, and microeconomic phenomena, such as wage dispersion. Weiss--one of the pioneers of efficiency-wage theory--provides here a masterful survey, a lucid and systematic and yet critical account of this rapidly developing branch of economics. This book should be required reading in all courses in macroeconomics."--Joseph Stiglitz, Stanford University "Efficiency Wages should be on the bookshelf of all labor and macroeconomists."--Lawrence H. Summers, Harvard University "A splendid monograph ... most readable... I will put it on my reading list."--Partha Dasgupta, Stanford University

Originally published in 1991.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princet

Chapter

Cover

Contents

Preface

1. Introduction and Overview

Part I. Worker Heterogeneity as a Cause of Unemployment and Layoffs

2. Single Wage Equilibrium

Appendix A. Necessary and Sufficient Conditions for Wage Rigidity

3. Unemployment with Multiple Wages

4. Layoffs and Firing of Workers: An Adverse Selection Explanation

Part II. Incentive Models

5. An Overview of Incentive Effects of Wages

6. The Effect of Wages on Turnover

7. Effort Inducing Effects of Wages

8. The Nutrition Model

Appendix B. The Dasgupta and Ray Model

9. Concluding Remarks

References

Index

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