English, Article, Journal or magazine article edition: Efficiency Wages and the Wage Structure Alan B. Krueger; Lawrence H. Summers

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Bookmark: http://trove.nla.gov.au/version/141639
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Efficiency Wages and the Wage Structure
Author
  • Alan B. Krueger
  • Lawrence H. Summers
Physical Description
  • preprint
Notes
  • This paper examines differences in pay for equally skilled workers in different industries. The major finding is that there is substantial dispersion in wages across industries, even after allowing for measured and unmeasured labor quality, working conditions, fringe benefits, transitory demand shocks, threat of unionization, union bargaining power, firm size and other factors. Some direct evidence in favor of efficiency wage theories is presented. The evidence suggests that industry wage differentials are successful in eliciting better performance through reduced turnover and increased effort.
  • RePEc:nbr:nberwo:1952
Language
  • English
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