A Model of the Natural Rate of Unemployment

Jamaica: tamaño de las empresas y remuneración laboral en el sector privado

“…En las empresas se intenta minimizar estos costos de rotación del personal pagando un salario más alto, para fomentar la permanencia de los trabajadores (Salop, 1979). Los defensores de este modelo afirman que, para cualquier empleo concreto, puede haber una relación positiva entre los costos de rotación de personal y el tamaño de la empresa, ya que las empresas de mayor tamaño suelen utilizar técnicas de producción más especializadas y, por lo tanto, invierten más en la formación de cada trabajador.…”

Jamaica: Employer size and worker remuneration in the private sector

“…Firms try to minimize these turnover costs by paying a wage premium to encourage longer employment spells (Salop, 1979). Proponents argue that for any given occupation, turnover costs may vary positively with firm size, as larger firms tend to use more specialized production techniques and thus invest more per worker in training.…”

Do Firms Pay Efficiency Wages? Evidence with Data at the Firm Level

“…3 Except for differences In the way that the quit function is expressed, condltJon A IS essentially derived III Stiglitz (1974), Salop (1979), and FIacco and Zeager (1989). In addltJon, Leonard (1987) basically tests thiS condition, although he does not exphcitly denve It. 't oQuit w 0 log(w) 1.…”

“…In addition, a higher wage may induce workers to work harder, either out of gratitude toward the firm as in Akerlof (1982Akerlof ( , 1984 or because of the increased cost of losing their jobs as in Shapiro and Stiglitz (1984). Finally, in Stiglitz (1974), Schlicht (1978), and Salop (1979), a firm's turnover costs depend negatively on the wage If fewer workers quit as the wage rises. Since hiring and training new workers is costly, firms may find it profitable to pay a wage above the market-cleanng level to reduce turnover.…”