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In the present model, we emphasize variables related to the job search theories. The model rest on temporary inflexibility of wage, wages dispersion and modifications in the unemployment insurance regime. It also includes a market variable. Changes in wages disparities have a positive effect on...
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In this paper, we study changes in the wage share that occured during the last thirty-five years. Between 1945 and 1978, the wage share in national income has increased from 64% to 74%. But this increase has not been regular, large cyclical variations are sometimes more important than long run...
Persistent link: https://www.econbiz.de/10008510904