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Macro Final

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Question:

1. Shirking model (Shapiro and Stiglitz (1984)) 2. Gift-exchange/Fair wage theory (Akerlof (1982, 1984), Akerlof and Yellen (1990)) 3. Labor turnover (Salop (1979), Schlicht (1978), and Stiglitz (1974)) 4. Firm-specific human capital 5. Adverse selection (Weiss (1980)) adverse selection based on hires adverse selection based on quits

Author: Daniel Ortega



Answer:

Efficiency wage theory versions (New Keys. Overhead1)


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