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Efficiency Wages Models of Unemployment Layoffs and Wage Dispersion 1st Edition by Andrew Weiss ISBN 140086206X 9781400862061

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Efficiency Wages Models of Unemployment Layoffs and Wage Dispersion Andrew Weiss Digital Instant Download

Author(s): Andrew Weiss
ISBN(s): 9781400862061, 140086206X
Edition: Course Book
File Details: PDF, 6.22 MB
Year: 2014
Language: english
SKU: EB-51950932 Category: Tag:

Efficiency Wages Models of Unemployment Layoffs and Wage Dispersion 1st Edition by Andrew Weiss – Ebook PDF Instant Download/Delivery: 140086206X, 9781400862061
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ISBN 10: 140086206X 
ISBN 13: 9781400862061
Author: Andrew Weiss

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.

Efficiency Wages Models of Unemployment Layoffs and Wage Dispersion 1st Table of contents:

Chapter 1: Introduction to Efficiency Wage Theory

  • Defining Efficiency Wages

  • Historical Context and Evolution of the Concept

  • The Role of Efficiency Wages in Labor Economics

Chapter 2: Theoretical Foundations of Efficiency Wages

  • Basic Model of Efficiency Wages

  • Wage-Setting Behavior and Worker Effort

  • Moral Hazard, Adverse Selection, and Monitoring Costs

  • Labor Market Implications: Unemployment and Wage Dispersion

Chapter 3: Unemployment and Layoffs in Efficiency Wage Models

  • Unemployment in the Context of Efficiency Wages

  • How Layoffs Affect Worker Behavior and Firm Productivity

  • Job Search, Labor Market Friction, and the Role of Efficiency Wages

  • Real-World Examples: Unemployment Persistence and Policy Implications

Chapter 4: Wage Dispersion and the Efficiency Wage Hypothesis

  • Understanding Wage Dispersion in Labor Markets

  • Efficiency Wages and Their Role in Wage Differentials

  • The Link Between Worker Productivity and Wage Inequality

  • Case Studies: Wage Dispersion in Different Industries and Economies

Chapter 5: Strategic Layoffs and Their Impact on Labor Markets

  • The Economics of Layoffs: Theoretical Models and Practical Applications

  • Layoff as a Tool for Maintaining Worker Efficiency

  • The Psychological Effects of Layoffs on Remaining Workers

  • Empirical Evidence of Layoff Effects in Various Economies

Chapter 6: Applications of Efficiency Wage Models in Various Industries

  • Labor Market Dynamics in High-Skill vs. Low-Skill Sectors

  • Efficiency Wages in Public vs. Private Sectors

  • The Role of Efficiency Wages in Globalization and Outsourcing

  • Case Studies of Industries Where Efficiency Wage Models Are Prominent

Chapter 7: The Role of Institutions and Policy in Efficiency Wage Models

  • Labor Unions, Minimum Wage Laws, and Efficiency Wages

  • The Role of Government in Stabilizing Unemployment

  • Efficiency Wage Policy Implications for Government and Firms

  • Examining Labor Market Regulations and Their Effects on Wage Dispersion

Chapter 8: Critiques and Alternatives to Efficiency Wage Theory

  • Criticism of Efficiency Wage Models: Empirical and Theoretical Challenges

  • Alternative Explanations for Unemployment and Wage Dispersion

  • Comparative Models: Search and Matching, Insider-Outsider Theory, etc.

  • Integrating Efficiency Wages with Other Labor Market Theories

Chapter 9: Empirical Evidence on Efficiency Wages, Unemployment, and Layoffs

  • Methodologies for Testing Efficiency Wage Models

  • Key Studies and Findings from Different Economies

  • Global Comparisons: Developed vs. Developing Countries

  • Insights from Longitudinal and Cross-Sectional Data

Chapter 10: Future Directions for Research and Policy

  • Unanswered Questions in Efficiency Wage Theory

  • Technological Advancements and Their Effects on Labor Markets

  • The Future of Labor Markets: Automation, AI, and Remote Work

  • Policy Recommendations: Balancing Efficiency, Equity, and Employment

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Tags: Andrew Weiss, Efficiency Wages, Wage Dispersion