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Efficiency Wage Theories: A Partial Evaluation

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NBER1986-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1906
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This paper surveys recent developments in the literature on efficiency wage theories of unemployment. Efficiency wage models have in common the property that in equilibrium firms may find it profitable to pay wages in excess of market clearing. High wages can help reduce turnover, elicit worker
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1986-04-01
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