English: Efficiency wage chart based on Sharpiro and Stiglitz (1984) '[Equilibrium Unemployment as a Worker Discipline Device' in the American Economic Review. Cobol Software Free Download For Windows 7 64 Bit on this page. 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.] Date 29 January 2011 Source Own work Author Licensing [ ]. I, the copyright holder of this work, hereby publish it under the following licenses: This file is licensed under the license.

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Equilibrium Unemployment As A Worker Discipline Device Pdf Converter. Manage your page to keep your users updated View some of our premium pages: google.com. Upgrade to a Premium Page. Is and in to a was not you i of it the be he his but for are this that by on at they with which she or from had we. Equilibrium Unemployment As A Worker Discipline Device Pdf Converter.