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Comment.
- Source :
- NBER/Macroeconomics Annual (University of Chicago Press); 2013, p201-208, 9p
- Publication Year :
- 2013
-
Abstract
- The author discusses the implications of combination of the efficiency wage principle and the search and matching setup. Topics he discussed include the recruitment probability depicted by the Diamond-Mortensen-Pissarides (DMP) class of unemployment models, factors affecting employment including competition, market power, and discount rates, and the prevention of shirking in the efficiency-wage models.
- Subjects :
- EMPLOYEE recruitment
EFFICIENCY wage theory
MARKET power
CASH discounts
WAGES
Subjects
Details
- Language :
- English
- ISSN :
- 08893365
- Database :
- Complementary Index
- Journal :
- NBER/Macroeconomics Annual (University of Chicago Press)
- Publication Type :
- Report
- Accession number :
- 110122413
- Full Text :
- https://doi.org/10.1086/674597