Abstract
We propose a dynamic efficiency wage model with learning by doing. By taking into account the change in the stock of workers' knowledge, firms set efficiency wages such that the effort-wage elasticity is not in general equal to one.
Original language | English |
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Pages (from-to) | 99-105 |
Number of pages | 7 |
Journal | Economics Letters |
Volume | 66 |
Issue number | 1 |
DOIs | |
Publication status | Published - Jan 2000 |
Externally published | Yes |
Keywords
- Effort function
- J41
- Learning by doing
- Solow condition