Janet Yellen, the chair of the Federal Reserve, is married to the Nobel prize winning economist George

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Janet Yellen, the chair of the Federal Reserve, is married to the Nobel prize winning economist George A. Akerlof. When they hired babysitters in the 1980s, they decided to pay wages that were higher than the going wage for babysitters. If they could get a babysitter at a lower wage, what could explain why they decided to pay more?
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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