Chapter

Some Aspects of the Wage–Productivity Hypothesis That Are Relevant for Taxation Analysis

Raaj K. Sah and Joseph E. Stiglitz

in Peasants versus City-Dwellers

Published in print February 2002 | ISBN: 9780199253579
Published online January 2005 | e-ISBN: 9780191601682 | DOI: http://dx.doi.org/10.1093/0199253579.003.0011
Some Aspects of the Wage–Productivity Hypothesis That Are Relevant for Taxation Analysis

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A treatment of the wage–productivity hypothesis, which states that the wage a firm pays or the prices its workers face may have an important effect on the productivity of its workforce is presented. The hypothesis is first discussed at the level of the firm, and then analysed using a subclass of models to study how private firms might determine urban wages and unemployment, and how these decisions might be affected by tax and price policy.

Keywords: models; price policy; prices; private firms; productivity; taxation policy; unemployment; urban prices; urban sector; urban unemployment; urban wages; wage–productivity hypothesis; wages

Chapter.  4918 words.  Illustrated.

Subjects: Economic Development and Growth

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