Economics of Wage Determination

The volume focuses on major theories of wage determination like the efficiency wage theories and the contract theory. The empirically oriented papers concentrate on the wage determination process in Europe, Japan and the United States and provide insights into the validity of the wage determination theories for these countries. The role of non-monetary benefits from work as well as search of labor supply are further important topics covered by the volume.

Texte du rabat

Theories of wage determination play an important role in the microeconomic foundation of macroeconomics and help to get a better understanding of labor market phenomena at the macro-level. This book offers a comprehensive survey on major theories of wage determination like the efficiency wage theories and the contract theories. The empirically oriented papers concentrate on the wage determination process in Europe, Japan and the United States and provide insights into the validity of wage determination theories for these countries. The role of non-monetary benefits from work (e.g. job quality and job characteristics) as well as search aspects of labor supply are further topics. This volume not only provides a survey on the state of the art but may also serve as a text for university courses on labor economics, macroeconomics and applied econometrics.

Contenu
U. S. Inflation, Labor's Share, and the Natural Rate of Unemployment.- Comment.- Wage Determination in Japan. A Theoretical and Empirical Investigation.- Comment.- Wage Component Behaviour in Japanese Manufacturing Industries.- Comment.- Efficiency Wage Contracts, Worksharing, and West German Unemployment.- Comment.- Sectoral Wage Patterns, Individual Earnings and the Efficiency Wage Hypothesis.- Comment.- The Efficiency Wage Theories and Inter-Industry Wage Differentials. An Empirical Investigation for the Manufacturing Sector of the Federal Republic of Germany.- Comment.- A Critique of a Custom in Labor Economics.- Comment.- Contract Theory and Involuntary Underemployment. A Review.- Comment.- Disturbances and Wages. A Theoretical and Empirical Analysis for the FRG.- Comment.- Wages and the Quantity and Quality of Labor.- Comment.- A Model of Job Choice, Labour Supply and Wages.- Comment.- Unemployment and the Labour Supply of Married Women.- Comment.- Wages and Unemployment. A Microeconometric Analysis for the FRG.- Comment.- Housing, Wages and U.K. Labour Markets.- Comment.