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Theories of Wage Rigidity

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NBER1984-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1442
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This paper considers two sets of theories attempting to explain wage rigidities and unemployment: implicit contract theory and the efficiency wage theory. The basic thesis of the paper is that the former set of theories do not provide a convincing explanation of the kind of wage rigidity which is
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1984-09-01
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