Jellal, Mohamed and Zenou, Yves (2000): A dynamic efficiency wage model with learning by doing. Published in: Economics Letters No. 66 (2000) 95-105
Download (167kB) | Preview
We propose a dynamic efficiency wage model with learning by doing. By taking into account the change inthe stock of workers’ knowledge, firms set efficiency wages such that the effort–wage elasticity is not in general equal to one.
|Item Type:||MPRA Paper|
|Original Title:||A dynamic efficiency wage model with learning by doing|
|Keywords:||Solow condition, Effort function, Learning|
|Subjects:||J - Labor and Demographic Economics > J4 - Particular Labor Markets > J41 - Labor Contracts
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C61 - Optimization Techniques; Programming Models; Dynamic Analysis
|Depositing User:||Mohamed Jellal|
|Date Deposited:||02. May 2012 13:45|
|Last Modified:||16. Feb 2013 06:39|
Akerlof, G.A.,Yellen, J.L., 1986. In: EfficiencyWage Models of the Labor Market, Cambridge University Press, Cambridge.
Arrow, K.J., 1962. The economic implications of learning-by-doing. Review of Economic Studies 29, 155–173.
Barnerji, S., Gupta, M.R., 1997. The efficiency wage given long-run employment and concave labor constraint. Journal of Development Economics 53, 185–195.
Jellal, M., Zenou, Y., 1999. Efficiency wages and the quality of the job matching. Journal of Economic Behavior and Organization 39, 201–217.
Kamien, M.I., Schwartz, N.L., 1981. In: Dynamic Optimization. The Calculus of Variations and Optimal Control in Economics and Management, North-Holland, Amsterdam.
Lin, C.-C., Lai, C.-C., 1994. The turnover costs and the Solow condition in an efficiency wage model with intertemporal optimization. Economics Letters 45, 501–505.
Pisauro, G., 1991. The effects of taxes on labour in efficiency wage models. Journal of Public Economics 46, 329–345.
Rasmaswamy, R., Rowthorn, R.E., 1991. Efficiency wages and wage dispersion. Economica 58, 501–514.
Schmidt-Sørensen, J.B., 1990. The equilibrium effort-wage elasticity in efficiency wage models. Economics Letters 32, 365–369.
Solow, R.M., 1979. Another possible source of wage stickiness. Journal of Macroeconomics 1, 79–82.
Stiglitz, J.E., 1987. The causes and consequences of dependence of quality on price. Journal of Economic Literature 25, 1–48.