Productivity, wages and relationships

Arbeitspapier

Labour demand and wages depend on the state and volatility of relationships within firms. Good relationships lower profit-maximising wages and raise firms’ profits and hence constitute an asset to the firm. Wages are lower because when people enjoy collaborating in the absence of wage incentives it is costly to induce them to work even more using such incentives due to rising marginal disutility of effort. Perhaps more surprisingly, volatile relationships among workers who collaborate raise profits and the value of workers in the presence of increasing returns to labour. Such volatility has the effect of raising the profitmaximising wage.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper Series ; No. W08:05

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: labor demand ; human capital ; wage level ; Work atmosphere ; corporate success ; Arbeitsnachfrage ; Humankapital ; Lohnniveau ; Betriebsklima ; Unternehmenserfolg ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gylfi Zoega
• Ereignis: Veröffentlichung
• (wer): University of Iceland, Institute of Economic Studies (IoES)
• (wo): Reykjavik
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/273257
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ