KnowraEfficiency wageLinked fromLinked fromThe 11 pages that link to Efficiency wage, each with the reason it gives.All 11Related 4Compared with 7Joseph StiglitzRelated: Stiglitz helped develop explanations for why wages may remain above market-clearing levels.Natural rate of unemploymentRelated: Above-clearing wages can leave job seekers without work even when firms hire.George AkerlofRelated: Akerlof’s work helped develop explanations for why employers may pay wages above market-clearing levels.Janet YellenRelated: Yellen coauthored influential research explaining why employers may pay wages above market-clearing levels.