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Employment Efficiency and Sticky Wages: Evidence from Flows in the Labor Market

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NBER2005-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11183
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I consider three views of the labor market. In the first, wages are flexible and employment follows the principle of bilateral efficiency. Workers never lose their jobs because of sticky wages. In the second view, wages are sticky and inefficient layoffs do occur. In the third, wages are also sticky
提供机构:
美国国家经济研究局
创建时间:
2005-03-01
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