|Schlicht, Ekkehart (September 2009): Selection Wages and Discrimination. Discussion Papers in Economics 2009-14|
Applicants for any given job are more or less suited to fill it, and the firm will select the best among them. Increasing the wage offer attracts more applicants and makes it possible to raise the hiring standard and improve the productivity of the staff. Wages that optimize on the trade-off between the wage level and the productivity of the workforce are known as selection wages. As men react more strongly to wage differentials than females, the trade-off is more pronounced for men and a profit-maximizing firm will offer a higher wage for men than for women in equilibrium.
|Item Type:||Paper (Discussion Paper)|
|Keywords:||Discrimination, selection wages, efficiency wages, hiring standards, monopsony, employment criteria, wage posting, Reder competition, social roles, social stereotypes, social multiplier, statistical discrimination, taste discrimination|
Economics > Munich Discussion Papers in Economics
Economics > Munich Discussion Papers in Economics > Micro-Economics
Economics > Munich Discussion Papers in Economics > Labor
Economics > Munich Discussion Papers in Economics > Behavioral Economics
Economics > Chairs > Chair of Institutional Economics (closed)
|Subjects:||300 Social sciences > 300 Social sciences, sociology and anthropology|
300 Social sciences > 330 Economics
|JEL Classification:||J31, J7, B54, D13, D42|
|Deposited On:||03. Sep 2009 09:21|
|Last Modified:||29. Apr 2016 22:34|
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