A multisector model of efficiency wages

Files in This Item:
File Description SizeFormat 
walshf_article_pub_006.pdf1.97 MBAdobe PDFDownload
Title: A multisector model of efficiency wages
Authors: Walsh, Frank
Permanent link: http://hdl.handle.net/10197/188
Date: Apr-1999
Online since: 2008-06-03T15:35:25Z
Abstract: The pattern of effort and wages is derived in a multisector efficiency wage model. Firms choose effort endogenously. Easily monitored or low-turnover jobs have high effort and may have low wages in equilibrium. Empirical wage differentials from a measure of supervision are smaller than observed industry differentials that have been attributed to efficiency wage models and are closer to those predicted by the model. Workers can search for and avail of on-the-job offers. If sectors grow at different rates or the unemployment rate changes, the pattern of wage differentials is unaffected.
Type of material: Journal Article
Publisher: University of Chicago Press
Journal: Journal of Labor Economics
Volume: 17
Issue: 2
Start page: 351
End page: 376
Copyright (published version): Copyright 1999 by The University of Chicago
Subject LCSH: Efficiency wage theory
Wage differentials
DOI: 10.1086/209924
Other versions: http://dx.doi.org/10.1086/209924
Language: en
Status of Item: Peer reviewed
Appears in Collections:Economics Research Collection

Show full item record

Citations 10

Last Week
Last month
checked on Feb 11, 2019

Page view(s) 20

checked on May 25, 2018

Download(s) 20

checked on May 25, 2018

Google ScholarTM



This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.