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Title: Working Hard for the Money? Efficiency Wages and Worker Effort
Resulting in 1 citation.
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Goldsmith, Arthur H. Veum, Jonathan R. Darity, William A. Jr. |
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Working Hard for the Money? Efficiency Wages and Worker Effort Journal of Economic Psychology 21,4 (August 2000): 351-385. Also: http://www.sciencedirect.com/science/article/pii/S0167487000000088 Cohort(s): NLSY79 Publisher: American Psychological Association (APA) Keyword(s): Benefits; Locus of Control (see Rotter Scale); Rotter Scale (see Locus of Control); Simultaneity; Wage Levels; Wages 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, structural real wage and effort equation are simultaneously estimated. It is found that receiving an efficiency wage enhances a person's effort and that person's providing greater effort earn higher wages. |
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Bibliography Citation
Goldsmith, Arthur H., Jonathan R. Veum and William A. Jr. Darity. "Working Hard for the Money? Efficiency Wages and Worker Effort." Journal of Economic Psychology 21,4 (August 2000): 351-385.
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