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(a) Briefly outline the labour discipline model and provide economic intuition for the model (b)Show how the equilibrium efficiency wage in the labour discipline model

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(a) Briefly outline the labour discipline model and provide economic intuition for the model (b)Show how the equilibrium efficiency wage in the labour discipline model changes when (i) the government introduces a new retirement policy that encourages many current workers to retire early and (ii) firms invest in a more pleasant work environment (c) How reasonable do you think this model is as a description of how workers behave and what might be missing

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