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    English: Efficiency wage chart based on Sharpiro and Stiglitz (1984) "[Equilibrium Unemployment as a Worker Discipline Device" in the American Economic Review. Chart also draws from the interpretation in Brian Snowdon and Howard Vane (2005) Modern Macroeconomics. The chart represents the Shapiro-Stiglitz model of efficiency wages. The model shows employment below the full employment level and the wage is found at the intersection of the demand for labor and the no-shirking condition. The wage is higher than it would be at full employment.]
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    current00:04, 30 January 2011Thumbnail for version as of 00:04, 30 January 2011500 × 400 (41 KB)BkwillwmAlter label
    00:00, 30 January 2011Thumbnail for version as of 00:00, 30 January 2011500 × 400 (40 KB)Bkwillwm{{Information |Description ={{en|1=Efficiency wage chart based on Sharpiro and Stiglitz (1984) "[Equilibrium Unemployemnt as a Worker Discipline Device" in the American Economic Review. Chart also draws from the interpretation in Brian Snowdon and Howa

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