Reference Entry

efficiency wage

Edmund Heery and Mike Noon

in A Dictionary of Human Resource Management

Second edition

Published in print January 2008 | ISBN: 9780199298761
Published online January 2008 | e-ISBN: 9780191726712
efficiency wage

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A concept developed within economics to explain why employers offer wages which seemingly are above the market-determined rate. Efficiency wage

Reference Entry.  100 words. 

Subjects: Human Resource Management

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