Efficiency wage theory : an analysis into Singapore manufacturing sector
This paper attempts to examine and provide econometric evidence in support of the efficiency wage theory for manufacturing sector in Singapore. Evidence in support of efficiency wage is found for 3 out of 18 industries within the manufacturing sector in Singapore based on both OLS and GMM regression...
Saved in:
Main Authors: | , , |
---|---|
Other Authors: | |
Format: | Final Year Project |
Language: | English |
Published: |
2014
|
Subjects: | |
Online Access: | http://hdl.handle.net/10356/59375 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Institution: | Nanyang Technological University |
Language: | English |
id |
sg-ntu-dr.10356-59375 |
---|---|
record_format |
dspace |
spelling |
sg-ntu-dr.10356-593752019-12-10T11:03:22Z Efficiency wage theory : an analysis into Singapore manufacturing sector Chua, Sin-Chet Lim, Lois Yun-Wen Ter, Teng-Teng Chew Soon Beng School of Humanities and Social Sciences DRNTU::Social sciences::Economic development::Singapore DRNTU::Social sciences::Economic theory This paper attempts to examine and provide econometric evidence in support of the efficiency wage theory for manufacturing sector in Singapore. Evidence in support of efficiency wage is found for 3 out of 18 industries within the manufacturing sector in Singapore based on both OLS and GMM regression results. One possible way to account for efficiency wage is that higher wages could have reduced shirking which boosts workers’ productivity. In Singapore, Wage Credit Scheme and Progressive Wage Model are two recent policies that seem to resemble the mechanics of an efficiency wage framework. Bachelor of Arts 2014-05-02T07:55:29Z 2014-05-02T07:55:29Z 2014 2014 Final Year Project (FYP) http://hdl.handle.net/10356/59375 en Nanyang Technological University 59 p. application/pdf |
institution |
Nanyang Technological University |
building |
NTU Library |
country |
Singapore |
collection |
DR-NTU |
language |
English |
topic |
DRNTU::Social sciences::Economic development::Singapore DRNTU::Social sciences::Economic theory |
spellingShingle |
DRNTU::Social sciences::Economic development::Singapore DRNTU::Social sciences::Economic theory Chua, Sin-Chet Lim, Lois Yun-Wen Ter, Teng-Teng Efficiency wage theory : an analysis into Singapore manufacturing sector |
description |
This paper attempts to examine and provide econometric evidence in support of the efficiency wage theory for manufacturing sector in Singapore. Evidence in support of efficiency wage is found for 3 out of 18 industries within the manufacturing sector in Singapore based on both OLS and GMM regression results. One possible way to account for efficiency wage is that higher wages could have reduced shirking which boosts workers’ productivity. In Singapore, Wage Credit Scheme and Progressive Wage Model are two recent policies that seem to resemble the mechanics of an efficiency wage framework. |
author2 |
Chew Soon Beng |
author_facet |
Chew Soon Beng Chua, Sin-Chet Lim, Lois Yun-Wen Ter, Teng-Teng |
format |
Final Year Project |
author |
Chua, Sin-Chet Lim, Lois Yun-Wen Ter, Teng-Teng |
author_sort |
Chua, Sin-Chet |
title |
Efficiency wage theory : an analysis into Singapore manufacturing sector |
title_short |
Efficiency wage theory : an analysis into Singapore manufacturing sector |
title_full |
Efficiency wage theory : an analysis into Singapore manufacturing sector |
title_fullStr |
Efficiency wage theory : an analysis into Singapore manufacturing sector |
title_full_unstemmed |
Efficiency wage theory : an analysis into Singapore manufacturing sector |
title_sort |
efficiency wage theory : an analysis into singapore manufacturing sector |
publishDate |
2014 |
url |
http://hdl.handle.net/10356/59375 |
_version_ |
1681048031279972352 |