Which of the following is true in the context of market wage rates?
The manager thus may pay an efficiency wage in order to create or increase the cost of job loss which gives a sting to the threat of firing. This threat can be used to prevent shirking (or "moral hazard"). Minimizing turnover: By paying above- market wages the worker's motivation to leave the job and look for a job elsewhere will be reduced ...
Backward bending supply curve of labour - Wikipedia
Backward bending supply curve of labour - Wikipedia
Efficiency wage - Wikipedia
International factor movements - Wikipedia
Wage differential is a term used in labour economics to analyze the relation between the wage rate and the unpleasantness risk or other undesirable attributes of a particular job. A compensating differential which is also called a compensating wage differential or an equalizing difference is defined as the additional amount of income that a given worker must be offered in order to motivate them to accept a …
The impossible trinity (also known as the trilemma) is a concept in international economics which states that it is impossible to have all three of the following at the same time: . a fixed foreign exchange rate; free capital movement (absence of capital controls); an independent monetary policy; It is both a hypothesis based on the uncovered interest rate parity condition and a finding from ...
Sat Jun 23 2007 14:30:00 GMT-0400 (Eastern Daylight Time) · A wage survey is usually undertaken to collect wage rates of certain key jobs in the organization. Market Pricing [ edit ] Market pricing is the process for determin...
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