Shapiro–Stiglitz efficiency wage model
GPTKB entity
Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
firms cannot perfectly observe effort
homogeneous labor imperfect monitoring risk-neutral workers |
| gptkbp:citation |
gptkb:Solow_efficiency_wage_model
gptkb:Yellen_efficiency_wage_model |
| gptkbp:describes |
unemployment
|
| gptkbp:explains |
efficiency wages
involuntary unemployment worker discipline |
| gptkbp:field |
labor economics
|
| gptkbp:hasConcept |
monitoring costs
no-shirking condition shirking |
| https://www.w3.org/2000/01/rdf-schema#label |
Shapiro–Stiglitz efficiency wage model
|
| gptkbp:influenced |
modern labor economics
|
| gptkbp:influencedBy |
efficiency wage theory
|
| gptkbp:proposedBy |
gptkb:Joseph_Stiglitz
gptkb:Carl_Shapiro |
| gptkbp:publishedIn |
gptkb:American_Economic_Review
|
| gptkbp:relatedTo |
dual labor market theory
principal-agent problem unemployment equilibrium |
| gptkbp:yearProposed |
1984
|
| gptkbp:bfsParent |
gptkb:Joseph_Stiglitz
|
| gptkbp:bfsLayer |
5
|