Congratulations to Janet Yellen, new Federal Reserve chair nominee

Yesterday, President Obama announced the selection of Janet Yellen as his nominee to chair the Federal Reserve, soon to be vacated by Ben Bernanke. If confirmed, she would become the first women chair of the Fed.

To commemorate this momentous occasion, Princeton University Press would like to share Chapter 16 from our edited collection ADVANCES IN BEHAVIORAL ECONOMICS, which was co-authored by Janet Yellen and her husband Nobel economist George Akerlof, a two-time Princeton University Press author.

Please click here to access the full chapter titled “The Fair Wage-Effort Hypothesis and Unemployment.”