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| Author: | Diamond, A. M. Jr. |
| Title: | Scientists' salaries and the implicit contracts theory of labour markets |
| Journal: | International Journal of Technology Management
2001 : VOL. 22:7-8, p. 688-697 |
| Index terms: | COMPENSATION CONTRACTS LABOUR MARKETS PAY SCIENTISTS |
| Language: | eng |
| Abstract: | Government intervention in labour markets is often justified by citing phenomena in actual labour markets which deviate from the predictions of neoclassical theory. The case for such intervention will be considerably weakened if the anomalous phenomena can be explained by implicit labour market theories that are extensions of the neoclassical theory. The purpose of the current research is to test two well-defined alternative implicit labour markets models of the labour market for scientists. |
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