Efficiency wages revisited: The internal reference perspective

Détails

ID Serval
serval:BIB_D5805E1968E6
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Efficiency wages revisited: The internal reference perspective
Périodique
Economics Letters
Auteur(s)
Danthine J.-P., Kurmann A.
Statut éditorial
Publié
Date de publication
2006
Peer-reviewed
Oui
Volume
90
Numéro
2
Pages
278-284
Résumé
The missing wage rigidity in general equilibrium models of efficiency wages is an artifact of the external wage reference perspective conventionally adopted by the literature. Efficiency wage models based on an internal perspective, in which the wage reference is made dependent on the firm's ability to pay, are capable of generating strong wage rigidity. This paper makes the point in the context of the gift-exchange framework originally proposed by Akerlof [1982].
Mots-clé
Efficiency wages, Wage rigidity, Rent sharing
Création de la notice
19/11/2007 11:49
Dernière modification de la notice
20/08/2019 16:55
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