How Sticky Wages in Existing Jobs Can Affect Hiring
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We consider a matching model of employment with wages that are flexible for new hires, but sticky within matches. We depart from standard treatments of sticky wages by allowing effort to respond to the wage being too high or low. Shimer (2004) and others have illustrated that employment in the
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美国国家经济研究局创建时间：
2014-01-01
