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~isPartOf:"Banco de Espana Research Paper"
~person:"Jansen, Marcel"
~person:"Sönmez, Tayfun"
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Employment Fluctuations with Downward Wage Rigidity : The Role of Moral Hazard
Costain, James S.
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2006
This paper considers a dynamic
matching
model with imperfectly observable worker effort. In equilibrium, the wage …
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