Efficiency Wages: Variants and Implications

Ekkehart Schlicht

Discussion Papers in Economics from University of Munich, Department of Economics

Abstract: Wages affect productivity and non-wage costs with important labor market implications. Efficiency wage theories center on these issues. This article provides a brief non-technical overview.

Keywords: efficiency wages; selection wages; turnover wages; discipline wages; shirking; size-wage effect; firm-size effect; congestion-wage effect; Reder-competition; discrimination; hiring standards; minimum wage; income taxation (search for similar items in EconPapers)
JEL-codes: D21 H21 H3 J24 J31 J63 J71 M52 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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Journal Article: Efficiency wages: Variants and implications (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenec:25168

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