Efficiency Wage Models of the Labor Market

Download or Read eBook Efficiency Wage Models of the Labor Market PDF written by George A. Akerlof and published by Cambridge University Press. This book was released on 1986-11-28 with total page 196 pages. Available in PDF, EPUB and Kindle.
Efficiency Wage Models of the Labor Market
Author :
Publisher : Cambridge University Press
Total Pages : 196
Release :
ISBN-10 : 0521312841
ISBN-13 : 9780521312844
Rating : 4/5 (41 Downloads)

Book Synopsis Efficiency Wage Models of the Labor Market by : George A. Akerlof

Book excerpt: The contributors explore the reasons why involuntary unemployment happens when supply equals demand.


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What is Efficiency Wage The term efficiency wages was introduced by Alfred Marshall to denote the wage per efficiency unit of labor. Marshallian efficiency wage