wage

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Related to Wage Theory: Human Capital Theory

wage

Economics the portion of the national income accruing to labour as earned income, as contrasted with the unearned income accruing to capital in the form of rent, interest, and dividends
References in periodicals archive ?
The findings that IT annual turnover was significantly and negatively associated with the offer of monetary recruitment incentives and that these monetary inducements were significantly and positively associated with the percentage of open IT positions successfully staffed were consistent with efficiency wage theory.
The subsistence wage theory is a key building block of the dual growth models.
Hedonic wage theory assumes that firms operate at zero economic profits due to the assumption of perfect competition.
Efficiency wage theory, on the other hand, proposes that high wage payments provide an incentive for workers to increase their productivity.
11) Reviews of efficiency wage theory generally do not cite Hicks's efficiency wage models (see, for example, Rotheim 1998 and Mankiw and Romer 1994).
According to efficiency wage theory, workers are motivated to work hard either by a wage premium or by the implied threat of dismissal.
This is the wage rate which efficiency wage theory predicts will be selected by a profit maximizing firm.
Kenneth Lapides's book addresses itself to Marx's wage theory, and, as a measure of its success, it both enhances our understanding of the core elements of Marx's economic theory, and facilitates the appropriate situating of Marx in the pantheon of economic theorists.
Here, we summarize three other approaches that may ultimately lead to a satisfactory explanation of business cycle comovement - strategic complementarities, information externalities, and efficiency wage theory.
Finally, to further establish the empirical validity of the contractual wage theory, we use our time-series estimates to conduct a correlation analysis.
Efficiency wage theory emphasizes a positive relationship between relative wage levels and workers' productivity.