2011
DOI: 10.19030/jber.v9i3.4124
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Efficiency Wages, Unemployment, And Labor Discipline

Abstract: This paper explores the economic implications of unemployment by appealing to efficiency wage models. Agency issues in labor markets are first surveyed and discussed, providing the foundation for a detailed analysis and synthesis of two shirking models using uniform language and terminology. The use of a class-based analysis shows that unemployment disciplines both unemployed and employed labor, and explains the presence of unemployment as an equilibrium phenomenon. The economic effects of unemployment on wage… Show more

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Cited by 8 publications
(8 citation statements)
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“…As stated in a previous study conducted by researchers. [2,11,13]. Where in the journal -the Journal said that the Work Discipline significantly influence Organizational Commitment.…”
Section: Multicollinearitymentioning
confidence: 99%
“…As stated in a previous study conducted by researchers. [2,11,13]. Where in the journal -the Journal said that the Work Discipline significantly influence Organizational Commitment.…”
Section: Multicollinearitymentioning
confidence: 99%
“…Discipline is an inevitable correlate of organisations and is one of the major functions of performing managers (Itang, 2015;Maicibi, 2007;Pacitti, 2011). Discipline can be defined as a state of self-control and orderly conduct of an individual in accordance with the acceptable standard mode of behaviour.…”
Section: Related Literaturementioning
confidence: 99%
“…Discipline like promotion, is an inevitable correlate of organizations and is one of the major functions of performing managers (Itang, 2015;Maicibi, 2007;Pacitti, 2011). Discipline can be defined as a state of self-control and orderly conduct of an individual in accordance with the acceptable standard mode of behaviour.…”
Section: Related Literaturementioning
confidence: 99%