scholarly journals Profitability, investment, and efficiency wages

2005 ◽  
Vol 2005 (4) ◽  
pp. 201-211 ◽  
Author(s):  
João Ricardo Faria
Keyword(s):  
General Framework ◽  
Investment Decisions ◽  
Efficiency Wages ◽  
Efficiency Wage ◽  
Neoclassical Theory ◽  
Intertemporal Efficiency ◽  
Turnover Costs ◽  
Intertemporal Choices

We examine a model that blends the neoclassical theory of investment with an intertemporal efficiency wage model with turnover costs. Investment decisions in capital are associated with the allocation of labor and the determination of efficiency wages. The model relates Tobin's q to efficiency wages and, in particular, to the Solow condition. It provides a general framework to analyze firm's intertemporal choices of capital, labor and efficiency wages.

scholarly journals Using Bayesian Model Selection to Advise Neutron Reflectometry Analysis from Langmuir-Blodgett Monolayers

2019 ◽  
Author(s):  
Andrew McCluskey ◽  
Tom Arnold ◽  
Joshaniel F. K. Cooper ◽  
Tim Snow
Keyword(s):  
Experimental Data ◽  
Soft Matter ◽  
General Framework ◽  
Neutron Reflectometry ◽  
Analytical Models ◽  
Colloid Interface ◽  
X Ray ◽  
Langmuir Blodgett ◽  
Generic Framework

The analysis of neutron and X-ray reflectometry data is important for the study of interfacial soft matter structures. However, there is still substantial discussion regarding the analytical models<br>that should be used to rationalise relflectometry data. In this work, we outline a robust and generic framework for the determination of the evidence for a particular model given experimental data, by<br>applying Bayesian logic. We apply this framework to the study of Langmuir-Blodgett monolayers by considering three possible analytical models from a recently published investigation [Campbell et al., J. Colloid Interface Sci, 2018, 531, 98]. From this, we can determine which model has the most evidence given the experimental data, and show the effect that different isotopic contrasts of neutron reflectometry will have on this. We believe that this general framework could become an important component of neutron and X-ray reflectometry data analysis, and hope others more regularly consider the relative evidence for their analytical models.<br>

scholarly journals Skill Loss, Ranking of Job Applicants and the Dynamics of Unemployment

2006 ◽  
Vol 7 (3) ◽  
pp. 265-296 ◽  
Author(s):  
Stefan Eriksson
Keyword(s):  
Human Capital ◽  
Job Search ◽  
Job Applicants ◽  
Adjustment Process ◽  
Efficiency Wage ◽  
Fundamental Factor ◽  
Long Run ◽  
Turnover Costs ◽  
Search Firms

Abstract This paper investigates the consequences of skill loss as a result of unemployment in an efficiency wage model with turnover costs and on-the-job search. Firms are unable to differentiate wages and therefore prefer to hire employed searchers or unemployed workers who have not lost human capital. It is shown that if some fundamental factor in the economy changes, this will result in a lengthy adjustment process with substantial long-run unemployment effects. Moreover, the model is capable of generating persistence, but the amount depends on the duration of the shock itself.

scholarly journals INFLUENCE OF MAKRO ECONOMIC, INVESTMENT DECISIONS, OWNERSHIP, TO RISK MANAGEMENT, FINANCIAL DECISIONS, AND STOCK RETURN, MODERATED BY GOOD FINANCIAL GOVERNANCE IN LQ 45 INDEX INDONESIA STOCK EXCHANGE

2019 ◽  
Vol 7 (12) ◽  
pp. 108-115
Author(s):  
Sutinem . ◽  
Tri Ratnawati ◽  
Srie Hartutie Moehaditoyo
Keyword(s):  
Risk Management ◽  
Stock Return ◽  
Sampling Method ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Moderate Risk ◽  
Financial Decisions ◽  
Financing Decisions ◽  
Financial Governance

This study aimed to determined the effect of  makroeconomic, investment decisions, the ownership, on risk management , financing decisions and stock return, moderated by Good Financial Governance in LQ 45  index Indonesia Stock Exchange.The sample in the study companies that are continuously listed in the LQ 45  index Indonesia Stock Exchange 2014-2016 periode, Determination of sample is done by purposive sampling method and obtained sample of  24 companies. Method of data processing is using PLS. The result of the study were (1) makroeconomic influence negative and significantly to stock return, (2) Macroeconomic influence negative and significantly to risk management, (3) Macroconomic influence negative and significantly to financial decisions, (4) investment decisions influence positive and significantly to stock return, (5) investment decisions influence negative and significantly to risk management, (6) investment decisions influence negative and significantly to financial decisions, (7) ownership influence positive and significantly to stock return, (8) ownership influence negative and significantly to risk management, (9) ownership influence negative and significantly to financial decisions, (10) risk management positive and no significantly to stock return, (11) risk management influence positive and significantly to financial decisions, (12) financial decisions influence positive and significantly to stock return, (13) good financial governance influence positive and no significantly moderate risk management to stock return, (14) good financial governance influence positive and significantly moderate financial decisions  to stock return.

scholarly journals Efficiency Wages in Pakistan's Small Scale Manufacturing

1999 ◽  
Vol 4 (1) ◽  
pp. 1-23
Author(s):  
Abid A. Burki
Keyword(s):  
Wage Differentials ◽  
Wage Gap ◽  
Sample Selection ◽  
Manufacturing Firms ◽  
Efficiency Wages ◽  
Sample Selection Bias ◽  
Small Scale ◽  
Efficiency Wage ◽  
Market Clearing ◽  
Using Data

This paper investigates wage differentials between workers in subcontracting and non-subcontracting firms, using data from a recent survey of small manufacturing firms in Gujranwala, Pakistan. The paper finds that subcontracting workers receive a high wage premium and invokes efficiency wage arguments to explain this differential. The paper argues that due to a client/vendor monitoring problem it is optimal for subcontracting firms to pay higher than the market clearing wages. The use of Heckman's two stage procedure to test for sample selection bias fails to give such evidence. A decomposition of the wage differentials indicates that endowment differentials partly explain higher wages for subcontracting workers while the bulk of this wage gap is explained by differential returns to workers' attributes.

scholarly journals Efficiency Wages, Unemployment, And Labor Discipline

2011 ◽  
Vol 9 (3) ◽  
Author(s):  
Aaron Pacitti
Keyword(s):  
Labor Markets ◽  
Economic Effects ◽  
Efficiency Wages ◽  
Unemployment Duration ◽  
Efficiency Wage ◽  
Economic Implications ◽  
Labor Discipline ◽  
Employee Effort ◽  
Analysis And Synthesis ◽  
Agency Issues

This paper explores the economic implications of unemployment by appealing to efficiency wage models. Agency issues in labor markets are first surveyed and discussed, providing the foundation for a detailed analysis and synthesis of two shirking models using uniform language and terminology. The use of a class-based analysis shows that unemployment disciplines both unemployed and employed labor, and explains the presence of unemployment as an equilibrium phenomenon. The economic effects of unemployment on wages, employee effort, labor surveillance, and other aspects, such as unemployment duration, are developed and explored.

scholarly journals Conditional expectation estimation through attributable components

2018 ◽  
Vol 7 (4) ◽  
pp. 727-754 ◽  
Author(s):  
Esteban G Tabak ◽  
Giulio Trigila
Keyword(s):  
Conditional Distribution ◽  
General Framework ◽  
Optimal Transport ◽  
Data Driven ◽  
Categorical Variables ◽  
Order Structure ◽  
One Dimensional ◽  
Conditional Mean ◽  
Full Conditional Distribution

Abstract A general methodology is proposed for the explanation of variability in a quantity of interest x in terms of covariates z = (z1, …, zL). It provides the conditional mean $\bar{x}(z)$ as a sum of components, where each component is represented as a product of non-parametric one-dimensional functions of each covariate zl that are computed through an alternating projection procedure. Both x and the zl can be real or categorical variables; in addition, some or all values of each zl can be unknown, providing a general framework for multi-clustering, classification and covariate imputation in the presence of confounding factors. The procedure can be considered as a preconditioning step for the more general determination of the full conditional distribution $\boldsymbol{\rho}(x|z) $ through a data-driven optimal-transport barycenter problem. In particular, just iterating the procedure once yields the second order structure (i.e. the covariance) of $\boldsymbol{\rho}(x|z) $. The methodology is illustrated through examples that include the explanation of variability of ground temperature across the continental United States and the prediction of book preference among potential readers.

EFFICIENCY WAGE THEORY: EVIDENCE FOR SINGAPORE MANUFACTURING SECTOR

2014 ◽  
Vol 59 (03) ◽  
pp. 1450021 ◽  
Author(s):  
SIN-CHET CHUA ◽  
YUN-WEN LIM ◽  
TENG-TENG TER ◽  
SOON-BENG CHEW
Keyword(s):  
Manufacturing Sector ◽  
Efficiency Wages ◽  
Least Square ◽  
Efficiency Wage ◽  
Worker Productivity ◽  
Ordinary Least Square ◽  
Econometric Evidence ◽  
Wage Theory

This paper attempts to test whether there is econometric evidence in support of the efficiency wage theory in Singapore's manufacturing sector. Two of the possible ways to account for efficiency wages are to show that higher wages have resulted in reduced shirking by workers, and to show that higher wages have resulted in an increase in worker productivity. We find evidence in support of efficiency wages for three out of 18 industries within the manufacturing sector in Singapore based on both ordinary least square (OLS) and 2SLS regression results, and for another two industries based only on OLS and yet another two industries based only on 2SLS.

Sign in / Sign up

Export Citation Format

Share Document