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Jan Průša

Works Published inQuarterly Journal of Austrian Economics

Jan Průša is associated with the Institute of Economic Studies, Charles University in Prague, Czech Republic.

All Works

Efficiency Wages and Involuntary Unemployment Revisited

Production Theory

07/30/2014Quarterly Journal of Austrian Economics
In this paper we tackle two shortcomings of the present efficiency wage models. Firstly, they do not fully account for labor heterogeneity, thus implying that high-effort and low-effort units of labor are interchangeable.


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