Economics of Wage Determination

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Heinz König
Springer-Verlag, Jan 1, 1990 - Political Science - 373 pages
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Theories of wage determination play an important role in the microeconomic foundation of macroeconomics and help to get a better understanding of labor market phenomena at the macro-level. This book offers a comprehensive survey on major theories of wage determination like the efficiency wage theories and the contract theories. The empirically oriented papers concentrate on the wage determination process in Europe, Japan and the United States and provide insights into the validity of wage determination theories for these countries. The role of non-monetary benefits from work (e.g. job quality and job characteristics) as well as search aspects of labor supply are further topics. This volume not only provides a survey on the state of the art but may also serve as a text for university courses on labor economics, macroeconomics and applied econometrics.

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Contents

Bernhard Gahlen
35
Robert J Gordon
65
Elmar Wolfstetter
82
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