A dynamic efficiency wage model with learning by doing

Jellal, Mohamed and Zenou, Yves (2000): A dynamic efficiency wage model with learning by doing. Published in: Economics Letters No. 66 (2000) 95-105

Abstract

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
• Language: English
• 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

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