Efficiency Wages: Models of Unemployment, Layoffs, and Wage Dispersion (Princeton Legacy Library) - Hardcover

Weiss, Andrew

Hardcover

ISBN 10: 069163727X ISBN 13: 9780691637273

Publisher: Princeton University Press, 2016

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.

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.

About this title

About the Author

Andrew Weiss is the Digital Services Librarian at California State University, Northridge's Oviatt Library. His professional areas of expertise include scholarly communication, digital repository development and open access advocacy. His past research has focused on digital libraries, digitization and open access publishing. He also has great interest in Japanese culture, literature, and its history of librarianship.

About this edition

• Publisher: Princeton University Press
• Publication date: 2016
• ISBN 10: 069163727X
• ISBN 13: 9780691637273
• Binding: Hardcover
• Number of pages: 128