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Theories of Pay and Unemployment: Survey Evidence from Swedish Manufacturing Firms
Abstract
An interview survey was designed to explore how personnel managers and senior wage negotiators respond to popular models of the labor market. As in Blinder and Choi (1990), our results indicate that relative wages and notions of fairness are important, and that this may explain nominal wage rigidity. We find much evidence of efficiency wage mechanisms. The reactions to some questions also point to theories based on rent-sharing. Moreover, while underbidding is not that uncommon, firms seem quite unwilling to hire underbidders. We also obtain indications of adverse selection problems.
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Citations
Cited by
A Theory of Fairness, Competition, and Cooperation
Fehr, E., & Schmidt, K. M. (1999) · The Quarterly Journal of Economics · doi:10.1162/003355399556151 · Cited by 11,264
A Theory of Fairness, Competition and Cooperation
Fehr, E. (1998) · SSRN Electronic Journal · doi:10.2139/ssrn.106228 · Cited by 1,629
Fehr, E., & Fischbacher, U. (2002) · The Economic Journal · doi:10.1111/1468-0297.00027 · Cited by 1,061
Gneezy, U., & List, J. A. (2006) · Econometrica · doi:10.1111/j.1468-0262.2006.00707.x · Cited by 699
Reciprocity and economics: The economic implications of Homo Reciprocans
Fehr, E., & Gächter, S. (1998) · European Economic Review · doi:10.1016/s0014-2921(97)00131-1 · Cited by 554
Metadata
- Authors
- Agell, J., & Lundborg, P.
- Venue
- The Scandinavian Journal of Economics
- Publisher
- JSTOR
- Published
- 1995-06
- Volume
- 97
- Issue
- 2
- Pages
- 295
- ISSN
- 0347-0520 (ISSN-L)
- OpenAlex
- W1530342062
- Cited by
- 286
- References
- 0
- FWCI
- 7.87
- Type
- journal article
- Language
- en
- Open access
- closed
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- Agell, J., & Lundborg, P. (1995). Theories of Pay and Unemployment: Survey Evidence from Swedish Manufacturing Firms. The Scandinavian Journal of Economics. https://doi.org/10.2307/3440530
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