Sometimes it's Better to Just Let them Shirk by Federal Trade Commission

Sometimes it's Better to Just Let them Shirk

Federal Trade Commission

28 pages missing pub info (editions)

nonfiction business economics informative medium-paced
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In their famous 1984 paper, Shapiro & Stiglitz developed what has become the canonical efficiency wage model. In their model, all workers are paid an efficiency wage, and no one shirks. Their model is based on the assumption that shirking work...

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