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The efficiency wage hypothesis: a mesoeconomic analysis

โœ Scribed by Wenli Cheng; Haiyang Xu


Book ID
116634902
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
104 KB
Volume
55
Category
Article
ISSN
0167-2681

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A simple model of employment contracting is employed to examine the effectiveness of just-cause provisions in alleviating employer opportunism in two types of efficiency wage contracts-standard contracts, in which wages exceed the worker's marginal contribution, and deferred wages, which are paid af