Policy in a Two-Sector Efficiency Wage Model: Substituting Good Jobs for Bad
Policy in a Two-Sector Efficiency Wage Model: Substituting Good Jobs for Bad
复制标题
两部门效率工资模型中的政策:用好工作代替坏工作
DOI:
10.1080/01603477.1998.11490163
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发表时间:
1998
影响因子:
1
通讯作者:
T. Carter
中科院分区:
文献类型:
--
作者:
T. Carter
Models used to study the effects of efficiency wages usually assume only one efficiency wage-paying sector (see Drago, 1989-90, and Parkin, 1996, for examples in this journal). Yet there are several important effects that only appear in multisector models. For instance, this paper finds that a tax in the low-wage sector leads to an increase in the number of jobs in the economy by raising the number of high-wage jobs. Good jobs replace bad, while total employment rises. Other cost-raising policies have identical effects. Similar, but not identical, results hold for minimum wage laws and employment security laws. The above results are inconsistent with the usual labor market theory in which wages are driven into equality. Then, it makes little sense to think of policies causing shifts of labor into the high-wage sector. Yet the result that policies can substitute good jobs for bad is not new. Regarding the effects of the wage policies of the British Trade Board System, Hetherington (1938) wrote, Many businesses which could maintain themselves only by the payment of sweated wages have been forced out of existence. But, on the whole, they have been replaced by more efficient units which have been able to support the higher wages. Wages have risen; employment has not diminished.