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Efficency Wage Theory, Labour Markets and Adjustment.

By: Riveros, Luix A.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1991Subject(s): Employment | Employment policy -- Manpower planning -- Employment. -- Employment policy -- Manpower planning -- Employment. -- Employment policy -- Manpower planning -- EmploymentSummary: 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 Book INESOR Library
On Shelf 		XX(10890.1) (Browse shelf) 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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