Empirical Tests of Efficiency Wage Models
Bibliographic Data
| ID | 9722925 |
|---|---|
| Authors | Tzu‐Ling Huang (0000-0002-3358-6779), Arnems Hallam, Peter F Orazem (0000-0003-2092-5089), Eizabeth M Paterno |
| Year | 1998 |
| Volume | 65 |
| Issue | 257 |
| Pages | 125-143 |
| Publication date | 1998-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0335.00117 |
| OpenAlex | W2158779382 |
| Language | EN |
| Citations received | 3 |
| References cited | 8 |
Two‐digit manufacturing industry‐level production functions are used to test efficiency wage propositions. Conclusive tests require functional forms which allow differences in elasticities of substitution between observable human capital, wage premia and other inputs. Results demonstrate that unexplained industry wage premia and higher unemployment rates raise productivity. Wage premia and the human capital wage component cannot be aggregated into a single human capital index. Nevertheless, 88% of the productivity effect associated with industry wages can be tied to observable human capital in the industry, with only 12% associated with the wage premium
Economics · Efficiency wage · Human capital · Index (typography) · Labour economics · Macroeconomics · Microeconomics · Production (economics) · Productivity · Unemployment · Wage · Economic Growth and Productivity · Firm Innovation and Growth · Labor market dynamics and wage inequality
Mathematical analysis for economists.
Efficiency Wages and the Inter-Industry Wage Structure
A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
Capital-Skill Complementarity
Specific Capital, Mobility, and Wages
Wage Inequality and the Rise in Returns to Skill
Does Better Nutrition Raise Farm Productivity
Can Wage Increases Pay For Themselves? Tests with a Production Function
| Citations per year | 0.16 |
|---|---|
| Citation span | 2007 - 2021 (15) |
| Highly cited | No |