haku: @author Kirchsteiger, G. / yhteensä: 9
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| Tekijä: | Fehr, E. Kirchsteiger, G. Riedl, A. |
| Otsikko: | Involuntary unemployment and non-compensating wage differentials in an experimental labour market |
| Lehti: | Economic Journal
1996 : JAN, VOL. 106:434, p. 106-121 |
| Asiasana: | ECONOMICS PAY |
| Kieli: | eng |
| Tiivistelmä: | In this paper the authors report the results of a series of efficiency wage experiments. Some of the key predictions of the efficiency wage hypothesis are qualitatively confirmed by the data: (1) higher wages caused a reduction in shirking; (2) firms offered contracts which exhibited positive job rents; (3) firms offered systematically different wages and job rents which gave rise to non-compensating income differentials; and (4) endogenous involuntary unemployment occurred. |
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