Reference Entry

efficiency wages

John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Third edition

Published in print January 2009 | ISBN: 9780199237043
Published online January 2009 | e-ISBN: 9780191726637
efficiency wages

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Wages above the market-clearing level paid by employers in order to increase the productivity, or efficiency, of their employees. The

Reference Entry.  47 words. 

Subjects: Economics

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