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Although wage rigidity is among the most prominent subjects in modern economics, its effects on wage compression and firm training have thus far not been considered. This paper is trying to bridge this gap by using a simple two period model which can still by analyzed analytically. I am able to...
Persistent link: https://www.econbiz.de/10005818855
workers, unlike the aggregate wage, is volatile and responds one-to-one to changes in labor productivity. In order to …
Persistent link: https://www.econbiz.de/10005700599