LED lighting has the potential to offer many benefits to the user and to society as a whole. Very high efficiency together with extremely long life expectancy of the LEDs reduces the energy consumption and the use of resources, and can offer low lifecycle cost. In order to become widely accepted, LED lighting must provide dimming capability at least equivalent to that offered by traditional inc...

Over the past decade, economists have developed efficiency wage models to explain the presence of wage rigidity and thus of involuntary unemployment. In these models, workers' productivity depends positively on the wage or firms' costs depend negatively on the wage, giving firms an incentive to pay wages above the market-clearing level. One type of efficiency wage model is the turnover cost mod...

Are Wage and Employment Effects Robust to Alternative Minimum Wage Variables? A national minimum wage cannot explain variation in wages or employment across regions. Identification of the effect of the minimum wage separately from the effect of other variables on wages or employment requires regional variation. Many minimum wage variables with regional variation have been suggested in the liter...

Union Wages and the Minimum Wage Henry S. Farber Massachusetts Institute of Technology It is argued that a change in the minimum wage may affect the outcomes of collective bargaining through its effect on a hypothetical "reference wage" which the union rank-and-file use as a basis of comparison in formulating their wage demand. It is further argued that the importance of the minimum wage in the...

A New Model of Wage Determination and Wage Inequality This paper proposes a new model of wage determination and wage inequality. In this model, wage-setters set workers’ wages; they do so either directly, as when individuals vote in a salary committee, or indirectly, as when political parties, via the myriad of social, economic, fiscal, and other policies, generate wages. The recommendations ma...

The tertiarization, or perhaps more accurately, the deindustrialization of the economy has left deep scars on cities. It is evident not only in the industrial wastelands and empty factory buildings scattered throughout the urban landscape, but also in the income and social structures of cities. Industrialization, collective wage setting and the welfare state led to a stark reduction in income d...

Piece rate and performance based wage systems are common in the construction industry. Construction workers are known to have an increased risk of pain and musculoskeletal disorders (MSD). In this cross-sectional questionnaire study, we examined the association between wage system and (1) physical exertion, (2) time pressure, (3) pain, and (4) fatigue. The participants comprised 456 male Danish...