Working hard for the money? Efficiency wages and worker effort

被引:42
作者
Goldsmith, AH [1 ]
Veum, JR
Darity, W
机构
[1] Washington & Lee Univ, Dept Econ, Lexington, VA 24450 USA
[2] Freddie Mac, Mclean, VA 22102 USA
[3] Univ N Carolina, Dept Econ, Chapel Hill, NC 27514 USA
关键词
locus of control; employee motivation; salaries; employee benefits;
D O I
10.1016/S0167-4870(00)00008-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper offers a test of the relative wage version of the efficiency wage hypothesis - that firms are able to improve worker productivity by paying workers a wage premium. Psychologists believe work effort reflects motivation that is governed by a feature of personality referred to as locus of control. Measures of locus of control are available in the National Longitudinal Survey of Youth, Using data drawn from the NLSY in 1992 we simultaneously estimate structural real wage and effort equations. We find that receiving an efficiency wage enhances a person's effort and that person's providing greater effort earn higher wages. (C) 2000 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:351 / 385
页数:35
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