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005 | 20230929121628.0 | ||
008 | 190909 | ||
020 | _a0-19-828392-X | ||
040 | _cIZA | ||
100 |
_aWeiss, Andrew _9192 |
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245 | 0 | _aEfficiency Wages: Models of Unemployment, Layoffs, and Wage Dispersion | |
260 |
_aOxford, _bOxford University Press, _c1991 |
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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 |
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650 |
_amathematical model _9195 |
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650 |
_aunemployment _9196 |
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650 |
_awage policy _9197 |
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_uhttps://www.jstor.org/stable/j.ctt7zv0qf _yJSTOR |
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942 |
_cBO _2JEL |