De la Croix, David (contributor); … - 2007
We first build a fair wage model in which effort varies over the business cycle. This mechanism decreases the need for …
MODEL OF THE BUSINESS
CYCLE
by David de la Croix,
Gregory de Walque
and Rafael Wouters
ECB/CEPR LABOUR
MARKET WORKSHOP ON …-Salido.
2 Department of Economics, Université catholique de Louvain, 1, Place de l’Université, B-1348 Louvain …