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Wages, effort and productivity

Nickell, Stephen and Nicolitsas, D. (1994) Wages, effort and productivity. CEPDP, 219. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753011492

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Identification Number: 219

Abstract

Empirical analyses of longitudinal data on some 66 manufacturing companies on Britain lead us to the following three conclusions. First, agreed reductions in restrictive work practices lead to increases in productivity. Second, controlling for such agreed reductions, there is some weak evidence that both relative pay and aggregate labour market slack have some positive impact on productivity. Third, falls in market share or declines in the financial health of companies lead to both lower pay rises and reductions in restrictive practices.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1994 the authors
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 14 Aug 2008 11:00
Last Modified: 01 Oct 2010 09:16
URI: http://eprints.lse.ac.uk/id/eprint/20794

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