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Authors:
Sell, Friedrich L. 
Document type:
Sonstiges / Other Publication 
Title:
Is there a policy of optimal wage and income differentiation? 
Subtitle:
A macroeconomic perspective 
Series title:
Diskussionsbeiträge, Institut für Volkswirtschaftslehre, Universität der Bundeswehr München 
Series volume:
12,1 
Place of publication:
Neubiberg 
Publishing institution:
Institut für Volkswirtschaftslehre, Universität der Bundeswehr München 
Year:
2000 
Pages (Book):
21 
Language:
Englisch 
Keywords:
Arbeitslosigkeit ; Arbeitsmarktökonomik ; Economic Growth ; Income Distribution ; Labor Economics ; Lohnstruktur ; Okun's law ; Optimale Verteilung ; Personelle Einkommensverteilung ; Soziale Wohlfahrtsfunktion ; Theorie ; Unemployment ; Wirtschaftswachstum 
Abstract:
In this paper, we address the question of optimal wage and income dispersion in a growing economy. If already in the two-persons-case we have to deal with the fact of different marginal products of labor, there are two solutions in principle. Either two different wages are paid (at unanimous hours of working) according to these differences, or the good worker would have to work longer than the bad worker so as to equilibrate their marginal products (paying the same wage per hour). In the followi...    »
 
Department:
Fakultät für Wirtschafts- und Organisationswissenschaften 
Institute:
WOW 5 - Institut für Ökonomie und Recht der globalen Wirtschaft 
Chair:
Sell, Friedrich L. 
Open Access yes or no?:
Ja / Yes