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 |
|---|---|
| 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
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