{"product_id":"a-theory-of-quality-wages-eva-pichler-9783631471760","title":"A Theory of Quality Wages: A Study in the Interaction Between Labor Markets and Output Markets","description":"The \u003ci\u003eTheory of Quality Wages\u003c\/i\u003e contributes to the understanding of the observed pattern of the interindustry wage structure and of unemployment. Basically, it is a modification of the efficiency wage theory grounded on an essential feature of modern manufacturing firms. The basic quality wage hypothesis states that in order to produce improved quality, better (and not more) workers are needed. From this simple specification it immediately follows that firms with a higher degree of market power and capital-intensive firms pay higher wages. Moreover, by predicting above market clearing wages, the model yields an explanation of unvoluntary unemployment.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Eva Pichler\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3631471769\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783631471760\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Peter Lang Gmbh, Internationaler Verlag Der W\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/01\/1994\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 224\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback","brand":"Eva Pichler","offers":[{"title":"Paperback","offer_id":48459870208255,"sku":"9783631471760","price":88.2,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_f404e1af-0c4c-4de7-8917-d999181daefd.jpg?v=1777412251","url":"https:\/\/www.whiterainbookhouse.com\/products\/a-theory-of-quality-wages-eva-pichler-9783631471760","provider":"WR Book House","version":"1.0","type":"link"}