The Main Factors Affecting the Fair Wage, in Akerlof’s Theory Test

Document Type : Research Paper


1 Associate Professor, University of Tehran-Iran

2 PHD Candidate in Mofid University & Research Assistant Professor in IHSS,


Given the lack of comprehensive explanation about the effective factors of fair wages and a complete mismatch between Labor Force and employers about that, in this paper with completing the missing loupes in the Akerlof theory "fair wages - effort Hypothesis", possibility of practical realization of the fair wage on productivity will provided. In this regard, after the theoretical analysis and testing the Akerlof theory, multiple factors affecting the determination of fair wages, through qualitative interviews, and questionnaires completed by representatives from labor & employers groups and academic experts on the labor market, is measured. With using software SPSS17 and EXCEL, constitutive factors of fair wages and the priority of those factors in Iran were tested.


Volume 48, Issue 4 - Serial Number 4
January 2014
Pages 91-117
  • Receive Date: 11 August 2012
  • Revise Date: 25 June 2014
  • Accept Date: 23 April 2013
  • First Publish Date: 22 December 2013