Wage change and the quit behavior of workers: implications for efficiency wage theory.

Southern Economic Journal | July 1, 1994| | Copyright

I. Introduction

Over the past decade, economists have developed efficiency wage models to explain the presence of wage rigidity and thus of involuntary unemployment. In these models, workers' productivity depends positively on the wage or firms' costs depend negatively on the wage, giving firms an incentive to pay wages above the market-clearing level. One type of efficiency wage model is the turnover cost model of Stiglitz [26], Schlicht [24], and Salop [23], in which fewer workers quit at a firm paying high wages. Since hiring and training new workers is costly, firms ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

X-Hive Corporation and Arbortext Announce Co-Marketing Alliance; New Adapter to Enable Epic Users to Manage XML Documents in X-Hive/DB.
Business Wire ; ...BUSINESS WIRE)--Sept. 12, 2002 X-Hive Corporation, a leading provider of native...signed a co-marketing agreement. X-Hive Corporation and Arbortext will work closely...market a seamless integration between X-Hive Corporation's native XML database, X...
HIVES FERMENT YEASTY BREW, ATTRACT BEETLE PEST
News Wire article from: US Fed News Service, Including US State News ; ...where the small hive beetle is a minor...in cleaning their hives. The beetles also...Ecology. While small hive beetles are common...to African honeybee hives, it appears that...honeybees. The small hive beetle can destroy many commercial hives. "If we can find...
X-Hive Corporation Announces General Availability of X-Hive/DB, Version 7.0.
Business Wire ; ROTTERDAM, The Netherlands -- X-Hive Corporation is the first company to publish...XQTS XQuery test. Latest version of X-Hive/DB will appeal to organizations who manage large volumes of content. X-Hive Corporation, a leader in native XML...
Hive-rental costs soaring
Newspaper article from: Sun-Journal Lewiston, Me. ; ...almond growers rely on about one million hives in February to pollinate their crops, the price of a hive rental has gone from about $60 per...year between 50,000 and 60,000 hives are brought in from out of state to...
Hives revive garage rock
Newspaper article from: New Straits Times ; New Straits Times 08-15-2004 Hives revive garage rock Edition: 2* ANYONE WHO HASN'T heard of the Hives isn't likely to associate the band with...so cheap, and, ultimately awful - the Hives have demonstrated that their craft has...
X-Hive/DB Selected by Renault Sport and the Benetton Formula 1 Racing Team as XML Database Solution.
Business Wire ; ...BUSINESS WIRE)--Sept. 25, 2001 X-Hive Corporation, a leading innovator in XML database technology announced today that X-Hive/DB, its native XML database, has been...cars are now tracked and stored in the X-Hive database, providing Renault and Benetton...
Hives are the bee's knees
Newspaper article from: Capital (Annapolis) ; ...the bees in the two hives were in and out looking...bees stay in the hive and are fed over the...a hive. When the hive box is full of bees...Some rent their hives out for the pollination...killing them. Bee hives are subject to swarming...queen just leave the hive and ...
X-Hive Corporation Launches Version 4 of Its Native XML Database; New Storage Model Results in Groundbreaking Speed Improvements.
Business Wire ; ...BUSINESS WIRE)--Nov. 14, 2002 X-Hive Corporation today announced the release of version 4 of X-Hive/DB, its advanced native XML database...store XML data in their applications. X-Hive/DB 4 offers groundbreaking performance...
X-Hive Corporation Launches Version 3.0 of Its Native XML Database.
Business Wire ; ...BUSINESS WIRE)--June 13, 2002 X-Hive Corporation today announced the release of version 3.0 of X-Hive/DB, the native XML database designed...store XML data in their applications. X-Hive/DB supports all major XML standards including...
HIVES ARE TAKING THE ROCK SCENE BY SWARM.(What's Happening)
Newspaper article from: Seattle Post-Intelligencer (Seattle, WA) ; ...JOE EHRBAR Special to the P-I Call the Hives the next big thing, but don't call them...just that the buzz surrounding Sweden's Hives is as furious as a hornet's nest. Lauded...Rolling Stones for a new generation," the Hives own gold records in Sweden, have hit songs...

Find more facts and information related to the article "Wage change and the quit behavior of workers: ..."