Examlex
Personal interviews may use standard questions or open-ended questions. These types of interviews are called
Electronic Devices
Gadgets that operate on electrical energy, including computers, smartphones, and household appliances.
No Shirking Constraint
A concept in labor economics that suggests higher wages motivate employees to work harder, reducing shirking on the job.
Efficiency Wage Rate
A wage rate set above the market-clearing level by employers to boost worker productivity, discourage shirking, and reduce turnover.
Wage Rigidity
Wage rigidity refers to the phenomenon where wages do not adjust quickly or easily to changes in labor market conditions, often due to contracts, norms, or regulations.
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