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Efficency Wage Theory, Labour Markets and Adjustment.

By: Material type: TextPublication details: Washington : World Bank, 1991.Subject(s): Summary: The paper analyses efficiency wage theory, labour markets and adjustment. Efficiency wage theory entails wages (and hence labour markets) maybe unresponsive to typical macroeconomic policies that seek lower real wages, change resource allocation and reduce unemployment.
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Book INESOR Library On Shelf XX(10890.1) (Browse shelf(Opens below)) 1 Available 10890-1001

The paper analyses efficiency wage theory, labour markets and adjustment. Efficiency wage theory entails wages (and hence labour markets) maybe unresponsive to typical macroeconomic policies that seek lower real wages, change resource allocation and reduce unemployment.

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