Efficiency Wages and the Wage Structure /
Krueger, Alan B.
Efficiency Wages and the Wage Structure / Alan B. Krueger, Lawrence H. Summers. - Cambridge, Mass. National Bureau of Economic Research 1986. - 1 online resource: illustrations (black and white); - NBER working paper series no. w1952 . - Working Paper Series (National Bureau of Economic Research) no. w1952. .
June 1986.
This paper examines differences in pay for equally skilled workers in different industries. The major finding is that there is substantial dispersion in wages across industries, even after allowing for measured and unmeasured labor quality, working conditions, fringe benefits, transitory demand shocks, threat of unionization, union bargaining power, firm size and other factors. Some direct evidence in favor of efficiency wage theories is presented. The evidence suggests that industry wage differentials are successful in eliciting better performance through reduced turnover and increased effort.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Efficiency Wages and the Wage Structure / Alan B. Krueger, Lawrence H. Summers. - Cambridge, Mass. National Bureau of Economic Research 1986. - 1 online resource: illustrations (black and white); - NBER working paper series no. w1952 . - Working Paper Series (National Bureau of Economic Research) no. w1952. .
June 1986.
This paper examines differences in pay for equally skilled workers in different industries. The major finding is that there is substantial dispersion in wages across industries, even after allowing for measured and unmeasured labor quality, working conditions, fringe benefits, transitory demand shocks, threat of unionization, union bargaining power, firm size and other factors. Some direct evidence in favor of efficiency wage theories is presented. The evidence suggests that industry wage differentials are successful in eliciting better performance through reduced turnover and increased effort.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.