Article about Union Bargaining Power in an efficiency wage environment
creator
Ferguson, William D. (Class of 1975) (Faculty/Staff)
Title
Union Bargaining Power in an Efficiency Wage Environment
supporting host
Grinnell College. Economics
Index Date
1994
Date Issued
Fall 1994
Publisher
Grinnell College
Genre
Essays
Digital Origin
born digital
Extent
15 pages
Media Type
application/pdf
description
The operation of labor markets differs fundamentally from that of other markets because the commodity traded, hours of labor time, cannot be separated from human beings. Efficiency wage models, and effort-regulation (or shirking) models in particular address the issue of individual motivation by explicitly considering the influence of the wage on the worker's decision concerning the level of effort exerted. This paper offers a theoretical argument that a cost-based conception of union bargaining power is compatible with an effort-regulation/contested exchange framework.
citation/reference
Ferguson, William D. "Union Bargaining Power in an Efficiency-Wage Environment," Eastern Economic Journal, 20(4), Fall, 1994, 387-401. Stable URL: http://www.jstor.org/stable/40325593
Language
English
Topic
Employee motivation
Topic
Wages
Topic
Collective bargaining
Classification
HB
Related Item
Faculty Scholarship
Related Item
Scholarship at Grinnell
Related Item
Digital Grinnell
Identifier (hdl)
http://hdl.handle.net/11084/11679
Identifier (local)
grinnell:11679
Access Condition
Copyright to this work is held by the author(s), in accordance with United States copyright law (USC 17). Readers of this work have certain rights as defined by the law, including but not limited to fair use (17 USC 107 et seq.).
