A study on the major wage theories and their relevance

Economics & finance   |   Economics   |   Summaries   |   05/30/2009   |   .doc   |   10 pages
Document abstract : «Wages are income derived from human labor. Salaries are similar to wages, but denote a more routine and constant payment on a time bound basis, as opposed to a work-bound payment association of wages. The term Wage and Salary encompass remuneration...»

Synopsis abstract : «An Introduction to the concept of wages. What are wage theories?. Substance theory of wages. Surplus Value theory. Wage Fund theory. Residual Claimant theory. Bargaining Power theory. Marginal Productivity theory. Efficiency theory. Agency...»

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