What Are Efficiency Wages and Why Are They Important in Internal

question 26

Essay

What are efficiency wages and why are they important in internal labor markets?

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Definitions:

Operant Conditioning

A form of learning in which voluntary responses come to be controlled by their consequences.

Rewards And Punishment

a behavioral principle that posits behavior can be modified by the consequences it produces, with rewards increasing and punishments decreasing the likelihood of a behavior.

Gender Roles

Cultural expectations about what is appropriate behavior for each gender.

Socialization

The acquisition of the norms and roles expected of people in a particular society.