Disentangling the wage-productivity relationship: Evidence from select OECD member countries

被引：0

作者：

Millea M. ^{[1
]}

机构：

[1] Mississippi State University,

来源：

International Advances in Economic Research | 2002年 / 8卷 / 4期

关键词：

Economic Growth; Labor Market; Statistical Technique; International Economic; Industrialize Country;

D O I：

10.1007/BF02295506

中图分类号：

学科分类号：

摘要：

Conventional theory proposes that firms reward productivity improvements with higher wages. Conversely, efficiency wage theory suggests that wages can induce greater productivity. This paper applies a statistical technique that disentangles the potential bidi-rectional feedback between wages and productivity. Wage strategies in six industrialized countries with various labor market institutions are examined. Conventional and efficiency wage practices vary systematically across the industrialized countries; these variations are consistent with the expected effects of labor market institutions. (JEL 33, J4, 35).

引用

页码：314 / 323

页数：9

共 24 条

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