An Insurance-based model of compensatory wage determination

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buir.contributor.authorWigley, Simon
dc.citation.epage88en_US
dc.citation.issueNumber1en_US
dc.citation.spage67en_US
dc.citation.volumeNumber21en_US
dc.contributor.authorAkkoyunlu Wigley, A.
dc.contributor.authorWigley, Simon
dc.date.accessioned2020-10-22T11:48:47Z
dc.date.available2020-10-22T11:48:47Z
dc.date.issued2003
dc.departmentDepartment of Philosophyen_US
dc.description.abstractThis paper aims to provide an account of the theory of compensating wage differentials that does not factor in the worker's marginal productivity or measure her loss in terms of net disutility. It is argued that the Worker's claim to a productivity wage is undermined by the pervasive influence of luck. In addition a utility-based metric is rejected on the grounds that it reflects the existing inequality in the distribution of resources. We propose instead that compensatory wage differentials should be fair in the sense that they are envy-free. That is, no one prefers their combination of working conditions and compensatory wage to anyone else's. In order to characterize the envy-free compensatory wage we employ a hypothetical insurance market where each insuree is unaware of the job she will end up in.en_US
dc.description.provenanceSubmitted by Evrim Ergin (eergin@bilkent.edu.tr) on 2020-10-22T11:48:47Z No. of bitstreams: 1 An_Insurance_based_model_of_compensatory_wage_etermination.pdf: 266526 bytes, checksum: f701ea6a5cb4556fb228f9cdaf86c3c9 (MD5)en
dc.description.provenanceMade available in DSpace on 2020-10-22T11:48:47Z (GMT). No. of bitstreams: 1 An_Insurance_based_model_of_compensatory_wage_etermination.pdf: 266526 bytes, checksum: f701ea6a5cb4556fb228f9cdaf86c3c9 (MD5) Previous issue date: 2003en
dc.identifier.eissn1309-6338
dc.identifier.issn1301-8752
dc.identifier.urihttp://hdl.handle.net/11693/54301
dc.language.isoEnglishen_US
dc.publisherHacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dekanlığıen_US
dc.source.titleHacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisien_US
dc.titleAn Insurance-based model of compensatory wage determinationen_US
dc.title.alternativeSigorta piyasası bazlı tazmin edici ücret belirlenmesi modelien_US
dc.typeArticleen_US

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