A Range Theory of Wage Differentials
Bibliographic Data
| ID | 3594560 |
|---|---|
| Authors | Richard A Lester (corresponding author) |
| Year | 1952 |
| Volume | 5 |
| Issue | 4 |
| Pages | 483-500 |
| Publication date | 1952-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Industrial and Labor Relations Review (JOURNAL) |
| Journal identifiers | ISSN: 0019-7939 • E-ISSN: 2162-271X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/001979395200500401 |
| OpenAlex | W1998618711, W4242250491 |
| Language | EN |
| Citations received | 16 |
The unsatisfactory nature of traditional wage theory as an explanation for interfirm differences in wages is probably so well known as to need no comment. Less obvious, however, has been the nature of the analysis that could be substituted in its place. Drawing upon the empirical studies of labor markets made by, among others, Myers, Shister, Reynolds, Shultz, and himself, Professor Lester advances the hypothesis that theoretical analysis of wage structures must recognize and explain a range of wage rates as the normal characteristic of the labor market, rather than the one rate postulated by older theory as the sine qua non of equilibrium. Richard A. Lester is professor of economics, Princeton University. (Author's abstract courtesy EBSCO.)
Classical economics · Composite material · Courtesy · Econometrics · Economics · Efficiency wage · Labour economics · Neoclassical economics · Political science · Positive economics · Range (aeronautics) · Wage · Wage rate · Labor market dynamics and wage inequality · Labor Movements and Unions · Law · Materials Science · Political Economy and Marxism
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| Citations per year | 0.46 |
|---|---|
| Citation span | 1980 - 2019 (40) |
| Highly cited | No |