Magnification effects and acyclical real wages

An analysis of a one-period, two-sector model in which firms must pay a fixed cost of hiring. The authors show that this type of model results in more employment variability and less-procyclical wages than do models without fixed hiring costs.

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Year of publication:	1991
Authors:	Carlstrom, Charles T. ; Gamber, Edward N.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Business cycles \| Wages \| Employment (Economic theory)

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Notes:	Number 9105
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729087