Near rationality in wage setting

Applied Economics

Volumn 38, Issue 21, 2006, Pages 2513-2521

  Bhalotra, Sonia ^a  

^a UNIVERSITY OF BRISTOL   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EMPLOYMENT; MANUFACTURING; PROFITABILITY; WAGE DETERMINATION; WAGE GAP;

ASIA; EURASIA; EUROPE; INDIA; NORTH AMERICA; SOUTH ASIA; UNITED KINGDOM; UNITED STATES; WESTERN EUROPE;

EID: 33751556672     PISSN: 00036846     EISSN: 14664283     Source Type: Journal    
DOI: 10.1080/00036840500427734     Document Type: Article

References (26)

1. Akerlof, G. (1979) Irving Fisher on his head: The consequences of constant threshold-target monitoring of money holdings. Quarterly Journal of Economics, 93, pp. 169-87.
2. Akerlof, G. (1982) Labor contracts as partial gift exchange. Quarterly Journal of Economics, 97, pp. 543-69.
3. Akerlof, G and Yellen, J. (1985a) A near rational model of the business cycle with wage and price inertia. Quarterly Journal of Economics, 100, pp. 824-38.
4. Akerlof, G and Yellen, J. (1985b) Can small deviations from rationality make significant differences to economic equilibria? American Economic Review, 75, pp. 708-20.
5. Akerlof, G and Yellen, J.(1986) Efficiency Wage Models of the Labour Market. Cambridge: Cambridge University Press.
6. Akerlof, G and Yellen, J.(1987) The macroeconomic applications of a dynamic envelope theorem, Manuscript. University of California-Berkeley.
7. Akerlof, G and Rose, A and Yellen, J. (1988) Job switching and job satisfaction in the US labor market. Brookings Papers on Economic Activity, 2, pp. 495-594.
8. Allen, S. (1984) Trade unions, absenteeism and exit-voice. Industrial and Labor Relations Review, 37, pp. 331-45.
9. Arellano, M and Bond, S. (1991) Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58, pp. 277-97.
10. Bhalotra, S.(1995) Four Essays on the Urban Labour Market in India. In PhD thesis. University of Oxford (Chapter 3).
11. Bhalotra, S. (1998) Changes in utilization and productivity in a deregulating economy Journal of Development Economics, 57, pp. 391-420.
12. Cochrane, J. (1989) The sensitivity of tests of the intertemporal allocation of consumption to near-rational alternatives. American Economic Review, 79, pp. 319-37.
13. Dickens, W and Katz, L.(1987) Inter-industry wage differences and industry characteristics, NBER Working Paper No. 2014.
14. Groshen, E. (1991) Sources of intra-industry wage dispersion: How much do employers matter? Quarterly Journal of Economics, 106, pp. 869-84.
15. Holzer, H. (1990) Wages, employer costs and employee performance in the firm. Industrial and Labor Relations Review, 43, pp. 146-64.
16. Katz, L.(1986) Efficiency wage theories: A partial evaluation. In NBER Macroeconomics Annual. Cambridge MA: MIT Press.
17. Krueger, A and Summers, L.(1987) Reflections on the inter-industry wage structure. In Unemployment and the Structure of Labour Markets. Oxford: Blackwell.
18. Layard, R and Nickell, S and Jackman, R.(1991) Unemployment: Macroeconomic Performance and the Labour Market. Oxford: Oxford University Press.
19. Leibenstein, H.(1957) Economic Backwardness and Economic Growth. New York: Wiley & Son.
20. Levine, D. (1992) Can wage increases pay for themselves? Tests with a production function. Economic Journal, 102, pp. 1102-15.
21. Parsons, D. (1978) Models of labor market turnover: A theoretical and empirical survey. Research in Labor Economics, 1, pp. 185-223.
22. Raff, D and Summers, L. (1987) Did Henry Ford pay efficiency wages? Journal of Labor Economics, 5, pp. 557-86.
23. Shapiro, C and Stiglitz, J. (1984) Equilibrium unemployment as a worker discipline device American Economic Review, 74, pp. 433-44.
24. Stiglitz, J. (1974) Alternative theories of wage determination and unemployment in LDCs: The labour turnover model Quarterly Journal of Economics, 88, pp. 194-227.
25. Wadhwani, S and Wall, M. (1991) A direct test of the efficiency wage model. Oxford Economic Papers, 43, pp. 529-48.
26. Weiss, A. (1980) Job queues and layoffs in labour markets with flexible wages. Journal of Political Economy, 88, pp. 526-38.