Efficiency Wage in the Frictional Labour Market- A Theoretical Analysis

Titas Kumar Bandopadhyay

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we introduce efficiency wage relation in the benchmark model of DMP where worker’s efficiency depends on the wage rate and the labour market tightness. We also examine the parametric effects on the Nash-wage rate, market tightness and on the equilibrium unemployment rate. Our results show that all the results obtained in this paper are identical to those obtained in the original DMP model.

Keywords: Efficiency wage; job destruction (search for similar items in EconPapers)
JEL-codes: J2 J20 J24 (search for similar items in EconPapers)
Date: 2014-11-22
New Economics Papers: this item is included in nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/60124/1/MPRA_paper_60124.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60124

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().