Work Morale and Economic Growth
Abstract
We present a growth model in which the work morale of R&D workers is endogenously determined by fair wage considerations and show that increases in endowments of researchers do not necessarily have positive growth effects. The results is in line with the empirical observations that the very large increases in the number of R&D workers during the last 30 years have not generated the growth rates predicted by the basic endogenous growth models. Moreover, a number of mechanisms are present in the model that counteract the positive growth effects of higher education and which do not show up in growth models based on competitive wage setting.Download Info
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Paper provided by Trade Union Institute for Economic Research in its series Working Paper Series with number 153.Length: 25 pages
Date of creation: 25 Jul 1999
Date of revision:
Handle: RePEc:hhs:fiefwp:0153
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Related research
Keywords: Efficiency wages; Fairness; Growth;Find related papers by JEL classification:
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-01-24 (All new papers)
- NEP-DEV-2000-01-24 (Development)
- NEP-INO-2000-01-24 (Innovation)
References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Arai, Mahmood & Skogman Thoursie, Peter, 2001.
"Incentives and Selection in Cyclical Absenteeism,"
Working Paper Series
167, Trade Union Institute for Economic Research.
- Arai, Mahmood & Thoursie, Peter Skogman, 2005. "Incentives and selection in cyclical absenteeism," Labour Economics, Elsevier, vol. 12(2), pages 269-280, April.
- Strauss, Tove, 2000. "Economic Reforms and the Poor," Working Paper Series 164, Trade Union Institute for Economic Research.
- Strauss, Tove, 2000. "Structural Reforms, Uncertainty, and Private Investment," Working Paper Series 165, Trade Union Institute for Economic Research.
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