Free shipping on orders over $99
Entrepreneurial Wage Dynamics in the Knowledge Economy

Entrepreneurial Wage Dynamics in the Knowledge Economy

by Adam K. Korobow
Hardback
Publication Date: 31/10/2002

Share This Book:

  $171.14
or 4 easy payments of $42.78 with
afterpay
This item qualifies your order for FREE DELIVERY
This title challenges the conclusions that link entrepreneurship to lower employee compensation. This challenge is based on theories of entrepreneurship, which view the role of small firms as existing in a dynamic context rather than a static framework. The evolutionary theory of entrepreneurship views the startup as an endogenous response to economic knowledge and suggests that new firms are a diverse manifestation of the search process. Evolutionary theory has been strikingly silent about how employee compensation might differ in an evolutionary framework compared to a static one. This is important because employee compensation is a key measure of economic performance, complementing other measures such as growth and survival. This book argues that the link between entrepreneurship and wages is different in an evolutionary context than in the traditional static analysis, suggesting that, particularly in knowledge-based industries, firms will pay relatively lower levels of employee compensation subsequent to startup. If the firm learns that it is viable, and survives and grows, levels of employee compensation will rapidly rise.
This research provides compelling empirical evidence suggesting that the relationship between firm age and employee compensation is very different in an evolutionary context than in a static analysis. While this study confirms that new and small enterprises compensate employees at lower levels than do their larger counterparts subsequent to startup, over time, the levels of employee compensation not only increase, but also at a higher rate than in larger enterprises. While the traditional static analysis leads to the policy prescription that new firms and the low wages associated with them represent a drag on economic welfare, the evolutionary view suggests that, in the knowledge economy, they are an essential component of the search for steep trajectories, both in terms of growth and wages.
ISBN:
9781402072451
9781402072451
Category:
Labour economics
Format:
Hardback
Publication Date:
31-10-2002
Publisher:
Kluwer Academic Publishers
Country of origin:
United States
Pages:
144
Dimensions (mm):
240x160x14mm
Weight:
0.38kg

This title is in stock with our Australian supplier and should arrive at our Sydney warehouse within 2 - 3 weeks of you placing an order.

Once received into our warehouse we will despatch it to you with a Shipping Notification which includes online tracking.

Please check the estimated delivery times below for your region, for after your order is despatched from our warehouse:

ACT Metro  2 working days

NSW Metro  2 working days

NSW Rural  2 - 3 working days

NSW Remote  2 - 5 working days

NT Metro  3 - 6 working days

NT Remote  4 - 10 working days

QLD Metro  2 - 4 working days

QLD Rural  2 - 5 working days

QLD Remote  2 - 7 working days

SA Metro  2 - 5 working days

SA Rural  3 - 6 working days

SA Remote  3 - 7 working days

TAS Metro  3 - 6 working days

TAS Rural  3 - 6 working days

VIC Metro  2 - 3 working days

VIC Rural  2 - 4 working days

VIC Remote  2 - 5 working days

WA Metro  3 - 6 working days

WA Rural  4 - 8 working days

WA Remote  4 - 12 working days

Reviews

Be the first to review Entrepreneurial Wage Dynamics in the Knowledge Economy.