Distinguish high-ability workers from low-ability workers
Suppose that, in the ef?ciency wage model, it becomes more dif?cult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market. What effects does this have on e(w) and the ef?ciency wage?
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The ?rm to distinguish high-ability workers from low-ability workers in the labor market. What effects does this have on e(w) and the ef?ciency wage?
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