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Efficiency wages and bargaining
Walsh, Frank
I argue that in contrast to the literature to date efficiency wage and bargaining solutions will typically be independent. If the bargained wage satisfies the efficiency wage constraint efficiency wages are irrelevant. If it does not, typically we have the efficiency wage solution and bargaining is irrelevant.
Keyword(s): Wage bargaining; Efficiency wage theory
Publication Date:
Type: Working paper
Peer-Reviewed: Unknown
Language(s): English
Institution: University College Dublin
Publisher(s): University College Dublin; School of Economics
File Format(s): other; application/pdf
First Indexed: 2012-08-25 05:25:08 Last Updated: 2018-10-11 16:38:25