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Efficiency Wage and Endogenous Job Destruction in the DMP Model----- an Extension

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  • Bandopadhyay, Titas Kumar

Abstract

This paper introduces efficiency wage relation and assumes endogenous job destruction in the benchmark DMP model. A comparative static analysis has also been made which shows that most of the results obtained in the DMP model get altered in the extended model

Suggested Citation

  • Bandopadhyay, Titas Kumar, 2014. "Efficiency Wage and Endogenous Job Destruction in the DMP Model----- an Extension," MPRA Paper 59564, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:59564
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    File URL: https://mpra.ub.uni-muenchen.de/59564/1/MPRA_paper_59564.pdf
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    References listed on IDEAS

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    5. Leonard, Jonathan S, 1987. "Carrots and Sticks: Pay, Supervision, and Turnover," Journal of Labor Economics, University of Chicago Press, vol. 5(4), pages 136-152, October.
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    12. Zenou, Yves & Smith, Tony E., 1995. "Efficiency wages, involuntary unemployment and urban spatial structure," Regional Science and Urban Economics, Elsevier, vol. 25(4), pages 547-573, August.
    13. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
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    More about this item

    Keywords

    Efficiency wage; job destruction;

    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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