The efficiency wage given long-run employment and concave labor constraint

被引：2

作者：

Banerji, S

Gupta, MR

机构：

[1] BOSTON UNIV,INST ECON DEV,BOSTON,MA 02215

[2] JADAVPUR UNIV,DEPT ECON,CALCUTTA 700032,W BENGAL,INDIA

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 1997年 / 53卷 / 01期

关键词：

health capital; multiple equilibria; low-level trap; nutritional efficiency;

D O I：

10.1016/S0304-3878(97)00013-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The purpose of this paper is to analyze determination of wage rate in a setting where health capital of labor accumulates over time. Our conclusions are (1) efficiency wage in a dynamic framework exceeds the static wage rate and (2) there is a possibility of multiple steady-state equilibria and a low-level equilibrium. We have also made some comparative static exercises with respect to some key parameters. (C) 1997 Elsevier Science B.V.

引用

页码：185 / 195

页数：11

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