wage

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Related to Wage Theory: Human Capital Theory

wage

noun allowance, compensation, earnings, fee, hire, income, meed, merces, pay, payment, quittance, rate of pay, recompense, remuneration, revenue, reward for service, salary, stipend
Associated concepts: minimum wage, wage rate
See also: charge, commission, exercise, fee, income, payment, perquisite, ply, recompense, remittance

TO WAGE, contracts. To give a pledge or security for the performance of anything; as to wage or gage deliverance; to wage law, &c. Co. Litt. 294. This word is but little used.

References in periodicals archive ?
The findings that IT annual turnover was significantly and negatively associated with the offer of monetary recruitment incentives and that these monetary inducements were significantly and positively associated with the percentage of open IT positions successfully staffed were consistent with efficiency wage theory.
The subsistence wage theory is a key building block of the dual growth models.
Hedonic wage theory assumes that firms operate at zero economic profits due to the assumption of perfect competition.
Kenneth Lapides's book addresses itself to Marx's wage theory, and, as a measure of its success, it both enhances our understanding of the core elements of Marx's economic theory, and facilitates the appropriate situating of Marx in the pantheon of economic theorists.
A third strategy for understanding comovement is to make use of efficiency wage theory.
The proposition that President Hoover used his influence to inhibit nominal wage reductions, and that this caused real wage rate increases, is a reasonable alternative to efficiency wage theory.
The efficiency wage theory meant that there could exist unemployment in equilibrium.
To the extent that flextime is desired by workers, the compensating wage theory alone would predict a negative association between flextime and wages, controlling for a vector of other job attributes.
The efficiency wage theory has in recent years generally been regarded as a powerful vehicle for explaining why involuntary unemployment has persisted in the labor market.
The basic puzzle that efficiency wage theory is designed to solve is why wages appear to be rigid in the face of apparently unexploited gains from trade between firms and unemployed workers.
The efficiency wage theory provides an alternative model for labour markets which seems to be more compatible with the observations described above.