G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w1935
来源IDWorking Paper 1935
Are Efficiency Wages Efficient?
William T. Dickens; Lawrence F. Katz; Kevin Lang
发表日期1986-06-01
出版年1986
语种英语
摘要Efficiency wage models have been criticized because worker malfeasance can be prevented in a pareto efficient manner by requiring workers to post a bond which they lose if they are caught cheating. However, since it is costly to monitor workers and costless to demand a larger bond, firms should pay nothing for monitoring and demand very large bonds. Since we observe that firms devote considerable resources to monitoring workers, bonds must be limited. Therefore firms must use second best alternatives -- intensive monitoring and/or efficiency wages. The payment of efficiency wages cannot be ruled out on a priori theoretical grounds.
主题Labor Economics
URLhttps://www.nber.org/papers/w1935
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/559186
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GB/T 7714
William T. Dickens,Lawrence F. Katz,Kevin Lang. Are Efficiency Wages Efficient?. 1986.
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