The aim of this paper is to provide a new mechanism based on social interactions,
explaining why distance to jobs can have a negative impact on workers' labor-market …

We construct a stylised model of the supply side with goods and labour market imperfections
to show that an economy can rationally operate at a low-effort state in which the relationship …

This paper studies the optimal wage structure of a firm with imperfect monitoring of worker
effort. We find that when firms can commit to (implicit) long-term contracts, imperfect …

Klasik İktisatçılar emeğin homojen olduğunu ve reel ücretlerde meydana gelen bir değişimin
emeğin verimliliğini dolayısıyla emek talep eğrisini etkilemediğini varsaymaktaydılar. Ancak …

In contrast to results found in the literature to date this paper shows that the efficiency wage
and the wage that solves a bargaining problem will often be independent. If worker …

Efficiency wage theory predicts that firms can induce worker effort by the carrot of high
wages and/or the stick of monitoring worker performance. Another option available to firms is …

Problem definition: Scan based trading (SBT) represents a type of replenishment system in
which the supplier retains title until the product is scanned through checkout at the retail …

The aim of this paper is to provide a new mechanism based on social interactions explaining
why minority workers have worse labor-market outcomes than majority workers. Building on …

As micro e pequenas empresas são responsáveis por uma parcela significativa de
empregos e renda da maior parte das economias mundiais. Uma questão importante na …

By relaxing the common efficiency wage assumption of exogenous shirking detection
probabilities, we demonstrate how standards and efficiency wages are related. In a more …