scholarly journals An Efficiency-Wage Model with Habit Concerns About Wages

2020 ◽  
Author(s):  
Laszlo Goerke
Keyword(s):  
1994 ◽  
Vol 1 (2) ◽  
pp. 129-150 ◽  
Author(s):  
Susanne Ackum Agell
Keyword(s):  

2017 ◽  
Vol 58 (1) ◽  
pp. 141-158 ◽  
Author(s):  
José Ignacio Giménez-Nadal ◽  
José Alberto Molina ◽  
Jorge Velilla

2017 ◽  
Vol 1 (1) ◽  
pp. 36-48
Author(s):  
Joseph S. K. Wu ◽  
Chi Pui Ho

Abstract The Shapiro-Stiglitz model plays an important role in the employment theory. Woodford pointed out the theoretic limitation of the linear worker's utility function in that model. He questioned the model's implication of the secular decline in the unemployment rate when such rate was in fact trendless. He proposed to resolve this by allowing diminishing marginal utility of income. In this paper, the Shapiro- Stiglitz model is generalized using a nonlinear utility function implicit in the Stiglitz Efficiency-wage paper, thus linking these two well-known models. The nonlinear utility function in this generalized model not only allows for diminishing marginal utility of income but also allows for the analysis of parameters representing various factors affecting the secular unemployment rate. In particular, we can specify the condition under which the diminishing marginal utility can cause such rate to be trendless.


2022 ◽  
Vol 9 (1) ◽  
pp. 41-47
Author(s):  
Farid Khemissi ◽  
◽  
Taha Chebbi ◽  

The aim of this paper is to examine the factors that would influence the motivation and preservation of employees in private sector organizations. In this research, we will seek to determine the nature and extent of salary impact by efficiency to stimulate employees. This research project is one of the new topics that some researchers have started in recent years. The novelty of this topic consists in the inclusion of the factor of the efficiency salary. This factor is likely to have a positive impact on attracting, motivating, and retaining talent. Some of the factors already known for their impact on the motivation of competencies such as training, job security, and material and moral incentives will be adopted. It is assumed that the results of this research will have a positive impact on the motivation and preservation of employees.


2002 ◽  
Vol 46 (1) ◽  
pp. 66-70
Author(s):  
Ching-Chong Lai ◽  
Chih-Yu Yang ◽  
Ming-Ruey Kao

Economica ◽  
1998 ◽  
Vol 65 (257) ◽  
pp. 125-143 ◽  
Author(s):  
Tzu-Ling Huang ◽  
Arnems Hallam ◽  
Peter F. Orazem ◽  
Eizabeth M. Paterno

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