東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Wages vs. ownership: Which is more e...

Weltmann, Dan.

Linked to FindBook

Google Book

Amazon

博客來

Wages vs. ownership: Which is more efficient for the firm?

Record Type:	Electronic resources : Monograph/item
Title/Author:	Wages vs. ownership: Which is more efficient for the firm?/
Author:	Weltmann, Dan.
Description:	61 p.
Notes:	Source: Masters Abstracts International, Volume: 54-04.
Contained By:	Masters Abstracts International54-04(E).
Subject:	Labor relations. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1586237
ISBN:	9781321674446

Wages vs. ownership: Which is more efficient for the firm?
Weltmann, Dan.

Wages vs. ownership: Which is more efficient for the firm? - 61 p.

Source: Masters Abstracts International, Volume: 54-04.

Thesis (M.S.)--Rutgers The State University of New Jersey - New Brunswick, 2015.

Efficiency wage theory suggests that paying workers above the market or minimum rate can be more efficient for the firm, since the increased productivity more than pays for the increased wages. And yet, workers can be paid in stock, not just wages, and the two forms of compensation may motivate workers in different ways, leading to different outcomes, as well as affecting cash flow in different ways. Employee ownership as a form of efficiency wages has not been examined before, and given its potential to affect employee attitudes and behaviors as well as firm performance, it is worth investigating. Using data from employee surveys matched to average wages for comparable workers outside the firm, I examined both an objective measure of worker pay relative to the market and a subjective measure of workers' perception of pay relative to the market. The general finding is that when wages were perceived as being below market, higher wages had a positive effect on a number of performance-related attitudes, but ownership did not. For wages above market, in contrast, ownership had positive effects on a number of attitudes. Whether the wages were below or above market, the employees' perception of their pay relative to market pay was more important than what they were actually paid, which may reflect better information workers have about competitor local wages and conditions of employment. The results indicate that employee ownership may act like efficiency wages in some important respects, and may complement efficiency wages by having stronger effects when wages are above market.

ISBN: 9781321674446Subjects--Topical Terms:

3172144
Labor relations.

Wages vs. ownership: Which is more efficient for the firm?
LDR:02481nmm a2200289 4500 001 2116240
005 20170417135103.5
008 180830s2015 ||||||||||||||||| ||eng d
020 $a 9781321674446
035 $a (MiAaPQ)AAI1586237
035 $a AAI1586237
040 $a MiAaPQ $c MiAaPQ
100 1 $a Weltmann, Dan. $3 3277937
245 1 0 $a Wages vs. ownership: Which is more efficient for the firm?
300 $a 61 p.
500 $a Source: Masters Abstracts International, Volume: 54-04.
500 $a Adviser: Douglas L. Kruse.
502 $a Thesis (M.S.)--Rutgers The State University of New Jersey - New Brunswick, 2015.
520 $a Efficiency wage theory suggests that paying workers above the market or minimum rate can be more efficient for the firm, since the increased productivity more than pays for the increased wages. And yet, workers can be paid in stock, not just wages, and the two forms of compensation may motivate workers in different ways, leading to different outcomes, as well as affecting cash flow in different ways. Employee ownership as a form of efficiency wages has not been examined before, and given its potential to affect employee attitudes and behaviors as well as firm performance, it is worth investigating. Using data from employee surveys matched to average wages for comparable workers outside the firm, I examined both an objective measure of worker pay relative to the market and a subjective measure of workers' perception of pay relative to the market. The general finding is that when wages were perceived as being below market, higher wages had a positive effect on a number of performance-related attitudes, but ownership did not. For wages above market, in contrast, ownership had positive effects on a number of attitudes. Whether the wages were below or above market, the employees' perception of their pay relative to market pay was more important than what they were actually paid, which may reflect better information workers have about competitor local wages and conditions of employment. The results indicate that employee ownership may act like efficiency wages in some important respects, and may complement efficiency wages by having stronger effects when wages are above market.
590 $a School code: 0190.
650 4 $a Labor relations. $3 3172144
650 4 $a Labor economics. $3 642730
650 4 $a Economics. $3 517137
690 $a 0629
690 $a 0510
690 $a 0501
710 2 $a Rutgers The State University of New Jersey - New Brunswick. $b Graduate School - New Brunswick. $3 1019196
773 0 $t Masters Abstracts International $g 54-04(E).
790 $a 0190
791 $a M.S.
792 $a 2015
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1586237