Bucci, Alberto; Fiorillo, Fabio; Staffolani, Stefano - Institut de Recherche Économique et Sociale (IRES), … - 2001
We introduce an efficiency-wage mechanism into an innovation-driven growth model. Due to informational problems, the labour market is segmented and homogeneous workers may be employed either in a non-competitive intermediate sector or in a competitive research one. We analyse the impact that...