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Peer reviewed Peer reviewed
ERIC Number: EJ477449
Record Type: CIJE
Publication Date: 1993
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0964-5292
Education and the Employment Contract.
Blaug, Mark
Education Economics, v1 n1 p21-33 1993
Efficiency wage models explain unemployment as a manifestation of the unavoidable incompleteness of the employment contract. In hiring workers, firms use education as a screen to determine the quantity and quality of the effort that a worker might exert in performing his or her duties. This generates a hierarchy of workers. (KDP)
Descriptors: Capitalism, Efficiency, Elementary Secondary Education, Employer Employee Relationship, Employment Opportunities, Employment Potential, Employment Qualifications, Equal Opportunities (Jobs), Postsecondary Education
Publication Type: Opinion Papers; Journal Articles
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A