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- Efficiency Wages, Financial Market Integration, And The Fiscal Multiplier
- The authors have used a "New-open-economy macroeconomics" model featuring a labor-market friction in the form of efficiency wages to analyze the implication of financial market integration for the fiscal multiplier. The fiscal multiplier measures the accumulated effects of fiscal policy on output. Conventional wisdom based on the classic Mundell-Fleming model...
- White papers 2007-02-13
Additional Resources
- STAWRS and the harmonized wage code project: making employment tax laws more consistent across federal and state boundaries - Simplified Tax and Wage Reporting System
- The Simplified Tax and Wage Reporting System STAWRS Program is a multi-agency partnership between the Department of Labor, Internal Revenue Service, Department of the Treasury, Small Business Administration, Social Security Administration, Office of Management and Budget, various states, and private organizations. The STAWRS mission is to reduce the tax and...
- Research articles 2001-05-01
- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit
- Former president Bill Clinton acknowledged Monday during the National Clean Energy Summit 2.0 that energy efficiency is not sexy. But, he said, it's the easiest-to-reach low-hanging fruit that will create jobs and reduce greenhouse gas emissions. "It's worth remembering that the least sexy topic is where the jobs are,"...
- Blog posts 2009-08-10
- Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence
- This report studies the worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a worker's effort. Theoretically, it shows that an increase in workers' responsiveness to co-workers' wages should lead profit-maximizing firms to compress wages under quite general conditions. The experimental evidence provides little support...
- White papers 2005-11-01
- Productivity rebounds while wage pressures ease; Fed expected to
- WASHINGTON -- The productivity of American workers rebounded in the spring while wage pressures eased, a combination that should be welcomed at the Federal Reserve. The Labor Department reported Tuesday that worker efficiency rose at an annual rate of 1.8 percent in the April-June quarter, more than double...
- Research articles 2007-08-07
- From Public Monopsony to Competitive Market: More Efficiency but Higher Prices
- This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimising public firm. Workers in the economy are heterogeneous in their motivation to work in the sector. In line with empirical findings, our model implies that firms in the competitive market provide...
- White papers 2003-01-01
- Efficiency up just 2.7%
- WASHINGTON -- The efficiency of U.S. workers increased in 2005 at the slowest rate since the recession year of 2001 while an important gauge of wage pressures rose at the fastest pace in five years, the government reported Thursday. The Labor Department said productivity rose by 2.7 percent...
- Research articles 2006-02-03
- Worker efficiency surged in spring
- WASHINGTON -- The productivity of American workers rebounded in the spring while wage pressures eased -- favorable economic developments that analysts worried might prove only temporary. The Labor Department reported Tuesday that worker efficiency rose at an annual rate of 1.8 percent in the April-June quarter, more than...
- Research articles 2007-08-08
- Organizational Pay Mix
- "While pay mix is one of the most frequently used variables in recent compensation research, its theoretical relevance and measurement remains underdeveloped. This article explores the meaning of pay mix using several theories commonly used in recent compensation research (agency, efficiency wage, expectancy, equity, and person-organization fit). We argue...
- White papers 2002-01-01
- Labor blasts wage levels
- Blue-collar workers have yet to reap the benefits of economic expansion almost three years after the end of the 2001 recession, a union-backed research group said. Worker efficiency rose by an average 3.8 percent annually during the period, compared with 2.4 percent in the late 1990s, the...
- Research articles 2004-09-07
- Rethinking Retailing With Soa: New Levels Of Flexibility, Agility And Cost-efficiency
- Retail institutions obtain products from multiple sources across the globe. Getting the right quantity of these items on the right shelves to meet consumer demand involves a complex set of processes and extensive collaboration among retailers, suppliers and manufacturers. Yet in an industry that depends on innovation, many retailers wage...
- White papers 2008-03-01
- Corporate America Flouting Overtime Laws: What Does It Mean?
- Slate, the online magazine, is running a series of five articles entitled "American Lawbreaking." Sounds like something to check out after seeing the new Jesse James movie, but in fact the articles are much more subtle than six shooters and swagger. They examine "the laws we are allowed to break...
- Blog posts 2007-10-22
- Productivity surges by 4.9 percent - fastest pace in 4 years
- WASHINGTON -- Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased. The Labor Department reported that productivity -- the amount of output per hour of work -- jumped at an annual rate of 4.9 percent in the July-September quarter. That...
- Research articles 2007-11-07
- Ten Things The Taxpayer Should Know About The U.S. Auto Industry Now That They Own It
- Posted by: David Kiley on December 19 During the hearings for an auto bailout, there was plenty said about Americaâ??s carmakers and the United Auto Workers. Some criticism was dead on, but much of it was either way off base or exaggerated. As is most often the case when rhetoric...
- News items 2009-08-07
- How Nokia Wins the Mobile War
- News from the mobile phone market tends to hype innovation and sexy high-end products, like the one just released by that one company... what was it called? Ah, yes, the Apple iPhone. Behind the scenes, however, supply-chain management rules king. With 37 percent of the global market, Nokia is the...
- Blog posts 2007-07-20
- Aegis Q4: Not Talking to Havas; Deal Price Getting More Expensive; 780 Jobs Cut
- Aegis used its 2008 full year results to send a number of messages yesterday, some more confusing than others. Let's start with the financials: Aegis reported revenues for 2008 were up 21 percent to £1.3 billion; net income was down 4 percent to £89.2 billion (not adjusting...
- Blog posts 2009-03-20
- Offshoring Of Routine Tasks And (DE)Industrialisation: Threat Or Opportunity - And For Whom?
- Offshoring, or overseas sourcing of routine tasks, generates efficiency gains that benefit consumers and workers with skills similar to those whose very jobs are threatened by offshoring. Essentially, the interaction between offshoring, footloose capital and agglomeration economies locks the comparative advantage of advanced nations in complex or strategic functions while...
- White papers 2007-03-08
- Precision Drilling Trust Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Thank you. We will now take questions from the telephone lines. [Operator Instructions]. The first question is from John Tasdemir from TRISTONE Capital. Please go ahead. John Tasdemir - TRISTONE Capital Hi. Good afternoon, guys. Kevin, welcome back to Alberta. Hope they...
- Earnings calls 2007-10-25
- II. Developments in individual OECD countries: Finland
- With output close to its potential, Finland is in a more favourable cyclical position than the euro area on average. The pick-up in world trade and a revival in business investment are expected to become increasingly important as drivers of growth, which should average about 3 per cent a year...
- Research articles 2004-12-01
- Democrats' gain in Congress would shift policy debates affecting
- WASHINGTON -- Policy debates affecting every corner of the economy are likely to shift in major ways if Tuesday's election, as expected, gives Democrats more power in Congress. Hearings focused on boosting domestic petroleum supplies could morph into talks about raising energy efficiency. Republican efforts to...
- Research articles 2006-11-06
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