Construct · 1 fields · 1 citations

fair wage-effort hypothesis: a standalone construct

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Labor economics

the idea that workers reduce effort when paid less than what they consider a fair wage, which can sustain unemployment.

In labor economics, fair wage-effort hypothesis refers to the idea that workers reduce effort when paid less than what they consider a fair wage, which can sustain unemployment. This meaning comes from Akerlof (1990) in The Quarterly Journal of Economics.[1]

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Nearby constructs

effort2 fields · 2 citationsjingle · one word, two constructs hypothesis2 fields · 2 citationsjingle · one word, two constructs labor4 fields · 4 citationsjingle · one word, four constructs

References

Akerlof, G. A., & Yellen, J. L. (1990). The Fair Wage-Effort Hypothesis and Unemployment. The Quarterly Journal of Economics, 105(2), 255. https://doi.org/10.2307/2937787

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