Wage Adjustment in Efficient Long-Term Employment Relationships
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https://www.nber.org/papers/w33149
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资源简介:
We present a model in which efficient long-term employment relationships are sustained by wage adjustments prompted by productivity shocks and outside job offers. These wage adjustments occur only sporadically, due to the presence of renegotiation costs. The model is amenable to analytical solution,
提供机构:
美国国家经济研究局
创建时间:
2024-11-01



