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 ?
Efficiency wage theory suggests organizations make higher-than-market pay offers to prospective IT employees to induce them to join and remain with the organization (Krueger and Summers, 1988).
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.
According to efficiency wage theory, workers are motivated to work hard either by a wage premium or by the implied threat of dismissal.
See Stiglitz (1987) and Akerlof and Yellen (1990) for a related discussion of efficiency wage theory.
These results are consistent with efficiency wage theory.(14) Estimated coefficients on the other explanatory variables are, very similar and consistent with results published elsewhere.
Kenneth Lapides, Marx's Wage Theory in Historical Perspective: Its Origins, Development, and Interpretation (Westport: Praeger Publishers 1998)
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. The first two approaches emphasize the importance in business decisions of expectations about the future.
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.
(1994), "Tests of efficiency wage theory and contract theory with disaggregated data from the US", Welwirtschaftliches Archiv, Vol.