Efficiency Wages, Unemployment Benefits and Union-Firm Wage Bargaining (notice n° 577177)
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| fixed length control field | 01476cam a2200181 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121134710.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Stavrevska, Vesna |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Efficiency Wages, Unemployment Benefits and Union-Firm Wage Bargaining |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2016.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 96 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In the economic literature, efficiency wages and union-firm wage bargaining are often treated as two distinct wage formation mechanisms. This paper demonstrates that these two wage factors are not, as a rule, mutually offsetting, but instead mutually reinforcing in setting the wage rate above the market-clearing wage. This point is illustrated by a theoretical model where efficiency wages reduce the adverse effect of rent-sharing because of the higher labour productivity that is associated with higher wages and, therefore, the reduced impact on profits. We test this model on data for economies with different characteristics concerning their bargaining systems. In each case we found consistent evidence of a dominant and prevailing effect of the non-competitive wage formation mechanisms over the competitive ones.JEL: J31, J51, J65. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | wage bargaining |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | efficiency wages |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Reflets et perspectives de la vie économique | Volume LV | 2 | 2016-06-24 | p. 75-86 | 0034-2971 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2016-2-page-75?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2016-2-page-75?lang=en&redirect-ssocas=7080</a> |
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