Wage Flexibility and Openness
收藏NBER1983-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1108
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资源简介：
This paper analyzes the degree of short-run, real wage flexibility in a two-sector economy under floating rates. This is done by deriving optimal wage indexation in a contracting framework. We find that the more closed the economy, the lower the degree of wage indexation. As a result, output will
提供机构：
美国国家经济研究局
创建时间：
1983-04-01
