Efficiency Wages and the Wage Structure / Alan B. Krueger, Lawrence H. Summers.

Format:

Book

Author/Creator:

Krueger, Alan B.

Contributor:

National Bureau of Economic Research.

Summers, Lawrence H.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1952.

NBER working paper series no. w1952

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1986.

Summary:

This paper examines differences in pay for equally skilled workers in

different industries. The major finding is that there is substantial

dispersion in wages across industries, even after allowing for measured and

unmeasured labor quality, working conditions, fringe benefits, transitory

demand shocks, threat of unionization, union bargaining power, firm size and

other factors. Some direct evidence in favor of efficiency wage theories is

presented. The evidence suggests that industry wage differentials are

successful in eliciting better performance through reduced turnover and

increased effort.

Notes:

Print version record

June 1986.