publication . Conference object . Other literature type . 2017

Working Conditions as a Factor of Productivity in SMEs

Držajić, Katarina; Vega, Frank;
Open Access English
  • Published: 27 Oct 2017
  • Publisher: HAL CCSD
  • Country: France
Abstract
International audience; The theoretical framework by Diamond, Mortensen and Pissarides (Nobel Award in Economic Sciences, 2010) shows us how generous wages can determine the success in filling job vacancies. The empirical evidence is convincing: larger and more profitable enterprises pay higher wages. Nowadays, large leader companies are investing not only in paying efficient wages to prevent shirking, but also in the improvement of working conditions and even taking a rigorous analytical approach to etiquette. It is a common fact that small and medium-sized enterprises (SMEs) cannot compete in the same way with these high standards. However, recent examples hav...
Subjects
free text keywords: SMEs, working conditions, jobs, investment, current standards, JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J24 - Human Capital • Skills • Occupational Choice • Labor Productivity, JEL: J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs/J.J3.J30 - General, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, JEL : J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J24 - Human Capital • Skills • Occupational Choice • Labor Productivity, JEL : J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs/J.J3.J30 - General, [ SHS.ECO ] Humanities and Social Sciences/Economies and finances, 140211 Labour Economics, FOS: Economics and business
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