File:Efficiency wage Shapiro Stiglitz.svg
From Infogalactic: the planetary knowledge core
Size of this PNG preview of this SVG file: 500 × 400 pixels. Other resolution: 300 × 240 pixels.
Original file (SVG file, nominally 500 × 400 pixels, file size: 41 KB)
Summary
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.]
Licensing
Lua error in package.lua at line 80: module 'strict' not found.
File history
Click on a date/time to view the file as it appeared at that time.
| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 09:12, 3 January 2017 | | 500 × 400 (41 KB) | 127.0.0.1 (talk) | 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.] |
- You cannot overwrite this file.
File usage
The following 6 pages link to this file:
