Testing the shirking version of the efficiency wage model in Japanese electric-machinery firms: a panel data approach: Applied Economics Letters: Vol 9, No 5

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Abstract

This paper investigates whether electric-machinery firms in Japan paid the efficiency wage to their employees after the Plaza Accord. The estimations are implemented using a dynamic formulation of the shirking version in the efficiency wage model. This formulation is developed by Machin and Manning (1992).

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Testing the shirking version of the efficiency wage model in Japanese electric-machinery firms: a panel data approach

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Testing the shirking version of the efficiency wage model in Japanese electric-machinery firms: a panel data approach

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