The Welfare Costs of Nominal Wage Contracting

This paper provides quantitative estimates of the welfare costs of nominal wage contracts. We find that the welfare costs of such contracts are fairly small and are generally relatively insensitive to changes in the economic environment. We then study how contract length might respond to changes in the environment

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Year of publication:	2008
Authors:	Cho, Jang-Ok ; Cooley, Thomas F. ; Phaneuf, Louis
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Lohnrigidität \| Wage rigidity \| Wohlfahrtsökonomik \| Welfare economics \| Allgemeines Gleichgewicht \| General equilibrium \| Arbeitsvertrag \| Labour contract \| Wohlfahrtsanalyse \| Welfare analysis
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments Undated erstellt Volltext nicht verfügbar
Classification:	J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets ; E24 - Employment; Unemployment; Wages
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014033688