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~accessRights:"free"
~institution:"Econometric Society"
~institution:"Federal Reserve Bank of Cleveland"
~institution:"USA / Bureau of Labor Statistics"
~language:"eng"
~person:"Carlstrom, Charles T."
~subject:"USA"
~subject:"Wages"
~type:"book"
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Implicit contracts, on-the-job search and involuntary unemployment
Carlstrom, Charles T.
-
Federal Reserve Bank of Cleveland
-
1987
This paper extends the implicit contracts framework to allow for on-the-job search. It is shown that involuntary unemployment can arise in such a framework without placing any a priori restrictions on either wages or severance payments. The model also implies that firms will practice a two-tier...
Persistent link: https://www.econbiz.de/10005526621
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2
Monetary policy in an economy with nominal wage contracts
Carlstrom, Charles T.
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Federal Reserve Bank of Cleveland
-
1987
A demonstration that optimal monetary policy can be either procyclical or countercyclical in a model where wages are "sticky" because of a nominal contracting constraint.
Persistent link: https://www.econbiz.de/10005428218
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3
Turnover wages and adverse selection
Carlstrom, Charles T.
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Federal Reserve Bank of Cleveland
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1987
An explanation of the observed relationships between voluntary job turnover and wages over a worker's lifetime, using a model featuring adverse selection.
Persistent link: https://www.econbiz.de/10005428344
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