Archivo: Efficiency wage Shapiro Stiglitz
![Efficiency wage Shapiro Stiglitz](/images/thumb/1/1c/Efficiency_wage_Shapiro_Stiglitz.svg/500px-Efficiency_wage_Shapiro_Stiglitz.svg.png)
Descripción: 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.]
Título: Efficiency wage Shapiro Stiglitz
Créditos: Trabajo propio
Autor(a): Bkwillwm
Términos de Uso: Creative Commons Attribution-Share Alike 3.0
Licencia: CC BY-SA 3.0
Enlace de Licencia: https://creativecommons.org/licenses/by-sa/3.0
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