Sticky wages revisited: organizational responses to a declining market-clearing wage

Article Abstract:

Although employers traditionally have maintained existing real wages in the face of a declining market-clearing (equilibrium) wage (the "sticky wages" phenomenon), it has recently been observed that some firms reduce real wages in this situation. In order to understand the varied ways in which employers respond to a decline in the clearing wage, this article develops a framework integrating perspectives from efficiency wage theory with perspectives from human resource management, institutional economics, and strategic management. The framework suggests that such varied responses result from variation in factors likely to inhibit reductions, even when reductions would be efficient and variation in factors likely to affect the efficiency of reducing wages. The implications of the framework for research and practice are also discussed. (Reprinted by permission of the publisher.)

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Determinants of grievance activity and the grievance system's impact on employee behavior: an integrative perspective

Article Abstract:

Research on the grievance system has focused on one of two questions: why do employees file grievances or what is the impact that the grievance system has on employee behavior? This article presents a conceptual framework that integrates perspectives of both questions. Attention is also given to the degree to which research supports the framework's components. Implications for theory research are suggested. (Reprinted by permission of the publisher.)

Organizational behavior, Grievance procedures

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Motivation and Politics in Executive Compensation

Article Abstract:

Compensation of top executives is not always commensurate with performance. The reasons for this have political implications. Specific examples are given. Criteria for determining compensation arrangements will increase in the future due to new requirements for financial disclosure by the Securities and Exchange Commission (SEC).

Performance, Measurement, Compensation and benefits, Executives, Executive compensation

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