Is the Efficiency Wage Efficient when Workers Decide on the Working Time? |
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| Authors: | Juin-jen Chang Chun-chieh Huang Ching-chong Lai |
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| Affiliation: | (1) Institute of Economics, Academia Sinica, Nankang, Taipei 115, Taiwan and Department of Economics, Fu-Jen Catholic University, Taiwan (e-mail: jjchang@econ.sinica.edu.tw), TW;(2) Graduate Institute of Economics, National Cheng Chi University, Taipei 116, Taiwan (e-mail: teamo1314@yahoo.com.tw), TW;(3) Sun Yat-Sen Institute for Social Sciences and Philosophy, Academia Sinica, and Institute of Economics, Academia Sinica, Nankang, Taipei 115, Taiwan, and Department of Economics, National Taiwan University, Taiwan (e-mail: ccLai@ssp.sinica.edu.tw), TW |
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| Abstract: | There is a body of literature that argues that workers' productivity is significantly influenced by their hours of work. This paper attempts to set up a shirking model of efficiency wages with endogenous working time to investigate how the endogenous working time decision critically influences work effort and undermines the efficacy of efficiency wages. We believe such a model might conceivably support the empirical finding that there exists a possibly perverse relationship between worker's effort and wages. Received July 10, 2001; revised version received March 21, 2002 Published online: November 11, 2002 |
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| Keywords: | : efficiency wages, working time. |
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