Moscarini, Giuseppe; Postel-Vinay, Fabien - National Bureau of Economic Research - 2023
employment up the productivity ladder; when declined, because matched by the current employer, they raise production costs and …, due to nominal price rigidities, compress mark-ups, building inflationary pressure. When employment is concentrated at the … marginal costs and inflation. As workers climb the job ladder, reducing slack in the employment pool, the inflation effect …