A Theory of How Workers Keep Up With Inflation
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https://www.nber.org/papers/w33233
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资源简介:
In this paper, we develop a model that combines elements of modern macro labor theories with nominal wage rigidities to study the consequences of unexpected inflation on the labor market. The slow and costly adjustment of real wages within a match after a burst of inflation incentivizes workers to
提供机构:
美国国家经济研究局
创建时间:
2024-12-01



