'EFFICIENCY WAGES: MODELS OF UNEMPLOYMENT, LAYOFFS AND WAGE DISPERSION' - Softcover

Andrew Weiss

Softcover

ISBN 10: 019828392X ISBN 13: 9780198283928

Publisher: Clarendon Press, 1991

Synopsis

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.

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About this edition

• Publisher: Clarendon Press
• Publication date: 1991
• ISBN 10: 019828392X
• ISBN 13: 9780198283928
• Binding: Paperback
• Number of pages: 125