File:Efficiency wage Shapiro Stiglitz.svg
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[edit]DescriptionEfficiency wage Shapiro Stiglitz.svg |
English: Efficiency wage chart based on Sharpiro and Stiglitz (1984) "[Equilibrium Unemployment as a Worker Discipline Device" in the American Economic Review. Chart also draws from the interpretation in Brian Snowdon and Howard Vane (2005) Modern Macroeconomics. The chart represents the Shapiro-Stiglitz model of efficiency wages. The model shows employment below the full employment level and the wage is found at the intersection of the demand for labor and the no-shirking condition. The wage is higher than it would be at full employment.] |
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Source | Own work |
Author | Bkwillwm |
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Date/Time | Thumbnail | Dimensions | User | Comment | |
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current | 00:04, 30 January 2011 | 500 × 400 (41 KB) | Bkwillwm (talk | contribs) | Alter label | |
00:00, 30 January 2011 | 500 × 400 (40 KB) | Bkwillwm (talk | contribs) | {{Information |Description ={{en|1=Efficiency wage chart based on Sharpiro and Stiglitz (1984) "[Equilibrium Unemployemnt as a Worker Discipline Device" in the American Economic Review. Chart also draws from the interpretation in Brian Snowdon and Howa |
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