Yellen efficiency wage model
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
firms pay above-market wages
workers' effort depends on wage |
| gptkbp:explains |
wage rigidity
unemployment persistence |
| gptkbp:field |
labor economics
|
| gptkbp:focusesOn |
worker discipline
shirking prevention turnover costs |
| https://www.w3.org/2000/01/rdf-schema#label |
Yellen efficiency wage model
|
| gptkbp:influenced |
subsequent efficiency wage literature
|
| gptkbp:influencedBy |
gptkb:Shapiro-Stiglitz_model
|
| gptkbp:proposedBy |
gptkb:Janet_Yellen
|
| gptkbp:publishedIn |
gptkb:Quarterly_Journal_of_Economics
|
| gptkbp:relatedTo |
efficiency wage theory
|
| gptkbp:yearProposed |
1984
|
| gptkbp:bfsParent |
gptkb:Shapiro–Stiglitz_efficiency_wage_model
|
| gptkbp:bfsLayer |
6
|