A dynamic efficiency wage model with learning by doing

A dynamic efficiency wage model with learning by doing

We propose a dynamic efficiency wage model with learning by doing. By taking into account the change in the stock of workers’ knowledge, firms set efficiency wages such that the effort–wage elasticity is not in general equal to one.

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Bibliographische Detailangaben
Veröffentlicht in:Economics letters 2000, Vol.66 (1), p.99-105
Hauptverfasser: Jellal, Mohamed, Zenou, Yves
Format: Artikel
Sprache:eng
Schlagworte:
Economic models
Efficiency wages
Effort function
Employment
Knowledge
Learning
Learning by doing
Solow condition
Wages
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Beschreibung
Zusammenfassung:We propose a dynamic efficiency wage model with learning by doing. By taking into account the change in the stock of workers’ knowledge, firms set efficiency wages such that the effort–wage elasticity is not in general equal to one.
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(99)00185-8