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Economic models of employee motivation

Joseph Ritter and Lowell Taylor

No 1997-006, Working Papers from Federal Reserve Bank of St. Louis

Abstract: Workers, being human beings, present employers with a range of tricky problems. Humans, unlike filing cabinets, can be crooked, subversive, surly, or indolent, even if they are paid on time. In this article we explore economists' main models of how compensation is used to address employee motivation and how these models help to explain puzzling features of the labor market.

Keywords: Wages; Management; Labor market (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (4)

Published in Federal Reserve Bank of St. Louis Review, September/October 1997, 79(5)

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DOI: 10.20955/wp.1997.006

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