Wednesday, February 23, 2011
Shapiro nominated for CEA Seat
Posted by
dkuehn
at
2:49 PM
Obama just announced that he is nominating Carl Shapiro as a new member of the Council of Economic Advisors. Shapiro is an industrial organization guy, but I know him best for his 1984 paper with Joseph Stiglitz, Equilibrium Unemployment as a Worker Discipline Device. This is the well known efficiency wage model of unemployment.
Labels:
wages/labor
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