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Notes on the Structure of Wages
Abstract
N EITHER wage rates nor hourly earnings represent the price of labor that is, the amount which the employer pays for a given amount and kind of service or the amount which employees receive for doing a given kind of work under given conditions.' Consequently, it is not surprising that there are large variations both in the rates paid by different plants within the same locality for jobs nominally at least within the same occupation, and in the hourly earnings of employees doing apparently similar work in different plants. A good illustration of the spread of rates within an occupation in a city is given by the hiring rates for common labor paid by 85 plants in Cleveland. In February I947, these rates were as follows:2
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Citations
Cited by
Firms and Labor Market Inequality: Evidence and Some Theory
Card, D., Cardoso, A. R., Heining, J., & Kline, P. (2018) · Journal of Labor Economics · doi:10.1086/694153 · Cited by 919
Behavioral Economics: Past, Present, and Future
Thaler, R. H. (2016) · American Economic Review · doi:10.1257/aer.106.7.1577 · Cited by 799
Song, J., Price, D. J., Guvenen, F., Bloom, N., & von Wachter, T. (2019) · The Quarterly Journal of Economics · doi:10.1093/qje/qjy025 · Cited by 674
Imperfect Competition in the Labor Market
Alan, M. (2011) · Handbook of Labor Economics · doi:10.1016/s0169-7218(11)02409-9 · Cited by 329
Unemployment: Macroeconomic Performance and the Labour Market
Layard, R., Nickell, S., & Jackman, R. (2005) · doi:10.1093/acprof:oso/9780199279166.001.0001 · Cited by 325
Metadata
- Authors
- Slichter, S. H.
- Venue
- The Review of Economics and Statistics
- Publisher
- JSTOR
- Published
- 1950-02
- Volume
- 32
- Issue
- 1
- Pages
- 80
- ISSN
- 0034-6535 (ISSN-L)
- OpenAlex
- W2328623186
- Cited by
- 297
- References
- 0
- FWCI
- 0.00
- Type
- journal article
- Language
- en
- Open access
- closed
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