Now showing items 1-8 of 8
The Reasons for Wage Rigidity: Evidence From a Survey of Firms
(Massachusetts Institute of Technology Press, 1997-08)
A survey of 184 firms was conducted to investigate the reasons for wage rigidity. The strongest support was found for explanations based on adverse selection in quits and on the effect of wages on effort. In addition, ...
The Determinants of Dismissals, Quits, and Layoffs: A Multinomial Logit Approach
(Southern Economic Association, 1997-04)
An Efficiency Wage - Imperfect Information Model of the Aggregate Supply Curve
(Munich Personal RePEc Archive, 2009-05)
This study derives a reduced-form equation for the aggregate supply curve from a model in which firms pay efficiency wages and workers have imperfect information about average wages at other firms. If specific assumptions ...
A Model of the Determinants of Effort
This study derives an expression for effort from utility-maximizing behavior on the part of workers, whose utility depends on consumption, effort, and the ratio between their wage and their perceived fair wage. Unlike many ...
Do Firms Pay Efficiency Wages? Evidence with Data at the Firm Level
(National Opinion Research Center (NORC), Society of Labor Economists: University of Chicago Press, 1993-07)
This study tests the efficiency wage hypothesis by estimating wage and quit equations with data from the Employment Opportunity Pilot Project survey of firms. An efficiency wage model is derived that predicts effects of ...
Deriving the Wage-Wage and Price-Price Phillips Curves from a Model with Efficiency Wages and Imperfect Information
This study derives reduced-form equations for the wage–wage Phillips curve and the price–price Phillips curve from firms' optimizing behavior, under the assumptions that firms pay efficiency wages and that workers' ...
Wage Change and the Quit Behavior of Workers: Implications for Efficiency Wage Theory
(Southern Economic Association, 1994-07)
An Efficiency Wage Approach to Reconciling the Wage Curve and the Phillips Curve
This study develops an efficiency wage model that generates a wage curve at the regional level and a Phillips curve at the national level, under the assumption that workers' efficiency depends on both regional and aggregate ...