Author: | Bulkley, G. Myles, G. |
Title: | Trade unions, efficiency wages and shirking |
Journal: | Oxford Economic Papers
1996 : JAN, VOL. 48:1, p. 75-88 |
Index terms: | ECONOMICS TRADE UNIONS PAY |
Language: | eng |
Abstract: | Efficiency wage models typically study the determination of wages and effort levels in the context of a labour market where the supply side is competitive. In this paper the authors examine the effects of unionsation on wages and effort. In addition to the monitoring technology where a noisy signal of each workers performance is received, the authors propose and investigate a spot-check monitoring technology where the effort of a fraction of workers is measured exactly. The authors examine models where the union can bargain over wages alone, and over wages and effort. |
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