Efficiency Wages
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A01=Andrew Weiss
Absenteeism
Adverse selection
Age Group_Uncategorized
Age Group_Uncategorized
Allocative efficiency
Author_Andrew Weiss
automatic-update
Bidding War
Capital market imperfections
Category1=Non-Fiction
Category=KCF
Category=KNXN
Category=KNXU
Churn rate
Comparative advantage
COP=United States
Delivery_Delivery within 10-20 working days
Demand curve
Demand For Labor
Dennis Snower
Developed country
Developing country
Earnings
Economic equilibrium
Economic interventionism
Economic problem
Economics
Efficiency wage
Employment
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Excess supply
Externality
Human capital
Income
Indifference curve
Information asymmetry
Internal financing
Investment
Investment fund
Involuntary unemployment
Labor demand
Labour power
Labour supply
Language_English
Layoff
Lexicographic preferences
Mandatory retirement
Marginal cost
Marginal product
Marginal product of labor
Marginal utility
Market clearing
Market failure
Monopsony
Opportunity cost
PA=Available
Pareto efficiency
Payroll tax
Price_€20 to €50
Production function
Productivity
Profit (economics)
Profit maximization
PS=Active
Quasi-rent
Real wages
Recession
Reservation price
Reservation wage
Risk aversion
Salary
Scale In
Secondary sector of the economy
Self-employment
Shortage
Social planner
softlaunch
Tax
Total cost
Underemployment
Unemployment
Utility
Value (economics)
Vesting
Wage
Winner's curse
Product details
- ISBN 9780691608907
- Weight: 170g
- Dimensions: 152 x 229mm
- Publication Date: 14 Jul 2014
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
- Language: English
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Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules affect the kinds of workers a firm employs and how well those workers perform on the job. Using straightforward examples, he demonstrates how efficiency-wage theory can explain labor market outcomes and guide government policy. There is a separate section of applications to less developed countries. "Efficiency-wage models represent one of the most important developments in economic theory of recent years. They have, at last, provided integrated explanations both of macroeconomic phenomena, such as unemployment and wage rigidity, and microeconomic phenomena, such as wage dispersion. Weiss--one of the pioneers of efficiency-wage theory--provides here a masterful survey, a lucid and systematic and yet critical account of this rapidly developing branch of economics. This book should be required reading in all courses in macroeconomics."--Joseph Stiglitz, Stanford University "Efficiency Wages should be on the bookshelf of all labor and macroeconomists."--Lawrence H. Summers, Harvard University "A splendid monograph ...most readable.
..I will put it on my reading list."--Partha Dasgupta, Stanford University Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
