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How might payment of an efficiency wage (a) reduce shirking by employees and (b) reduce employee turnover? What is the implication of the efficiency wage

How might payment of an efficiency wage (a) reduce shirking by employees and (b) reduce employee turnover? What is the implication of the efficiency wage theory for unemployment? In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages?

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