A Theory of Labor Markets with Inefficient Turnover
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https://www.nber.org/papers/w32409
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资源简介：
We develop a theory of labor markets with four features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Inefficient job separations occur in the form of endogenous quits and layoffs that are unilaterally initiated whenever a worker's wage-to
提供机构：
美国国家经济研究局
创建时间：
2024-05-01
