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Keywords: Efficiency-based wages and equity-based wage
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Journal Articles
Journal:
Journal of Economic Studies
Journal of Economic Studies (2013) 40 (5): 600–613.
Published: 28 October 2013
... Equation (2) predicts the average likelihood of choosing efficiency-based wages (over equity-based wages) in a country depending on the country's variables Z. Hence, if α is positive, the average likelihood of choosing efficiency-based wages over equity-based wages is higher in countries...
