| LC control no. | sh2003003365 |
|---|---|
| Topical heading | Efficiency wage theory |
| See also | Labor market Wages |
| Scope note | Here are entered works on the theory that paying higher wages may lower total production costs by resulting in a more productive labor force. |
| Found in | Work cat.: Kugler, A. Employee referrals and efficiency wages, 2002. Macmillan dict. of mod. econ., 1992 (Efficiency wage theory: A theory proposing that the marginal product of workers and the wages that they are paid are interrelated. For this reason firms pay wages in excess of those that clear the market and high wages and unemployment coexist) Stiglitz, J. Economics, 2002 (glossary: efficiency wage theory) |
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