1. In the efficiency wage system, the effect of inspiration and the degree of employees' hardworking need to be supervised. Therefore, the cost and strength of supervision should be evaluated.

2. According to the idea of efficiency wage, the sufficient high wage may simulate workers to hardly work and avoid shrink.

3. Efficiency wage theory holds that higher-than-market-rate wage payment may imply less total costs and hence greater profit to the business firm.

4. These factors influence the efficiency wage paid for the professional manager to insure he keeps his word and further influence the agent costs of employing the professional manager.

5. The nutrition-based efficiency wage model in labor markets in developing countries is that lowering the wages would reduce worker productivity and increase the cost per efficiency unit.

6. Efficiency wage theory is one of the newest development of macroeconomics during the nearly 20 years.

7. With the combination of the Western theory of efficiency wage, this article studied the problems in travel agencies and hotels in China.

8. First, a literature review is done about wage theory and compensation theory in this thesis and the efficiency wage theory is focused in details.sentence dictionary

9. It points out that these models can give out a clear explanation for the ongoing wage determining mechanism in western countries, but from the macroeconomic view the efficiency wage may not bet...

10. The existing problems and corresponding resolution strategies are analyzed in the compensation management of some civilian companies using the efficiency wage theory as analysis frame.