Pinkston, Joshua C. (contributor) - 2006
expectation of the worker’s productivity. This
convergence of wages allows the model to be tested using an extension of previous … having different wages.
The convergence of wages to the employer’s expectation also allows the model to be tested
empirically …
) and
w
xt
temporarily increases. Despite such deviations from a monotonic convergence, I establish
in the following …