000 01691nam a2200241Ia 4500
999 _c79
_d79
003 DE-boiza
005 20230929121628.0
008 190909
020 _a0-19-828392-X
040 _cIZA
100 _aWeiss, Andrew
_9192
245 0 _aEfficiency Wages: Models of Unemployment, Layoffs, and Wage Dispersion
260 _aOxford,
_bOxford University Press,
_c1991
300 _a118 pages
340 _hJ4 05
520 _aKnown 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
650 _aefficiency wage theory
_9193
650 _amathematical model
_9195
650 _aunemployment
_9196
650 _awage policy
_9197
856 _uhttps://www.jstor.org/stable/j.ctt7zv0qf
_yJSTOR
942 _cBO
_2JEL