An Efficiency Wage Model With Persistent Cycles

This note develops an efficiency wage model which displays persistent cycles under perfect foresight. Limit cycles arise from the dependence of current labor supply on both recent labor market conditions and the expected rate of job creation.

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Year of publication:	2002-04-06
Authors:	Georges, Christophre
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 5.2002, 3, p. 1-6
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; C6 - Mathematical Methods and Programming
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005196454