What determines workers' preferences for efficiency over equity wages?

Autor/inn/en	Bangwayo-Skeete, Prosper F.; Rahim, Afaf H.; Zikhali, Precious
Titel	What determines workers' preferences for efficiency over equity wages?
Quelle	Marburg: Univ., Dep. of Business Administration & Economics (2009), 13 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	Joint discussion paper series in economics. 2009,33
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Bildungsniveau; Sozialer Wert; Soziale Gerechtigkeit; Öffentliche Meinung; Effizienzlohn; Globalisierung; Lohnpolitik; Arbeitspapier; Welt
Abstract	What makes workers consider it fair for wages to be indexed on job performance or efficiency? In this paper we attempt to answer this question using the 2005 wave of the World Values Survey data for 43 countries to investigate what socio-economic characteristics condition employees' preference for efficiency over equity wages. Our results suggest that employees' preference for efficiency wages increases with education and globalization while it decreases with unemployment, income inequality and income tax rates. Given that conventional economic theory demonstrates the importance of labour efficiency, which improves when workers are remunerated according to their efficiency, for economic growth; our results suggest that institutions and specifically public policies that promote education, and globalization, along with policies that reduce unemployment, income inequality and income tax rates could be used to promote efficiency-based wages.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2012/1