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~subject:"wage rigidity"
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wage rigidity
contractual fragility
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efficiency wages
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endogenous separation
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shirking
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Costain, James
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1
Employment fluctuations with downward wage rigidity: the role of moral hazard
Costain, James
;
Jansen, Marcel
-
Banco de España
-
2006
churning and "
contractual
fragility
" as in Ramey and Watson (1997). Nonetheless, the surprising lesson of our analysis is that …
Persistent link: https://www.econbiz.de/10005022236
Saved in:
2
Employment Fluctuations with Downward Wage Rigidity
Costain, James
;
Jansen, Marcel
-
Society for Computational Economics - SCE
-
2006
generates "
contractual
fragility
" and inefficient separations as in Ramey and Watson (1997). Nonetheless, our main finding is …
Persistent link: https://www.econbiz.de/10005706170
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