Efficiency Wage Theories
Assignment – Suggested Format
· Introduction
• Consider a specific industry, with one or two actual companies as examples
• The industry’s current deficiency in paying for performance
– Performance evaluation, Lazear & Gibbs: Personnel Economics in Practice
– Paying for performance, Lazear &Gibbs
– include labour supply, labour demand theories, as well as human capital concepts
– include recruitment and managing turnover concepts
– Efficiency wages
· Conclusion
Some Notes: Efficiency wages