Efficiency Wage

What is Efficiency Wage

The term efficiency wages was introduced by Alfred Marshall to denote the wage per efficiency unit of labor. Marshallian efficiency wages are those calculated with efficiency or ability exerted being the unit of measure rather than time. That is, the more efficient worker will be paid more than a less efficient worker for the same amount of hours worked.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Efficiency wage

Chapter 2: Labour economics

Chapter 3: Minimum wage

Chapter 4: New Keynesian economics

Chapter 5: Phillips curve

Chapter 6: Employment

Chapter 7: Principal-agent problem

Chapter 8: Personnel economics

Chapter 9: Signalling (economics)

Chapter 10: Labour market flexibility

Chapter 11: Compensating differential

Chapter 12: Insider-outsider theory of employment

Chapter 13: Ekkehart Schlicht

Chapter 14: Involuntary unemployment

Chapter 15: Union wage premium

Chapter 16: Monopsony

Chapter 17: Rehn-Meidner model

Chapter 18: Real rigidity

Chapter 19: Wage compression

Chapter 20: Shapiro-Stiglitz theory

Chapter 21: Gift-exchange game

(II) Answering the public top questions about efficiency wage.

(III) Real world examples for the usage of efficiency wage in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Efficiency Wage.

Dettagli