Employment Efficiency and Sticky Wages: Evidence from Flows in the Labor Market
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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
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美国国家经济研究局创建时间：
2005-03-01
