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Efficiency Wages: Variants and Implications

Author

Listed:
  • Schlicht, Ekkehart

Abstract

Wages affect productivity and non-wage costs with important labor market implications. Efficiency wage theories center on these issues. This article provides a brief non-technical overview.

Suggested Citation

  • Schlicht, Ekkehart, 2016. "Efficiency Wages: Variants and Implications," Discussion Papers in Economics 25168, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenec:25168
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Überqualifikation
      by Ekkehart Schlicht in Funktionale Staatsfinanzen on 2018-03-11 08:17:00
    2. Ein interessanter empirischer Befund zur zunehmenden Lohnungleichheit
      by Ekkehart Schlicht in Funktionale Staatsfinanzen on 2017-10-20 12:46:00

    Citations

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    Cited by:

    1. Askenazy, Philippe & Cottineau, Clémentine, 2022. "The geography of collective bargaining in multi-establishment companies: a strategic choice of employers," CEPREMAP Working Papers (Docweb) 2205, CEPREMAP.
    2. de Pinto Marco & Goerke Laszlo, 2019. "Efficiency Wages in Cournot-Oligopoly," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(4), pages 1-13, October.
    3. Fábio Batista & José Eduardo Matos & Miguel Costa Matos, 2017. "Assessing the Competitiveness of the Portuguese Footwear Sector," GEE Papers 0066, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Feb 2017.
    4. Tanaka, Yasuhito, 2021. "Involuntary unemployment in overlapping generations model due to instability of the economy and fiscal policy for full-employment," MPRA Paper 106214, University Library of Munich, Germany.
    5. Andrew Weaver, 2022. "Who Has Trouble Hiring? Evidence from a National IT Survey," ILR Review, Cornell University, ILR School, vol. 75(3), pages 608-637, May.

    More about this item

    Keywords

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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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