Rent Rigidity, Asymmetric Information, and Volatility Bounds in Labor Markets
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Recent findings have revived interest in the link between real wage rigidity and employment fluctuations, in the context of frictional labor markets. The standard search and matching model fails to generate substantial labor market fluctuations if wages are set by Nash bargaining, while it can
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美国国家经济研究局创建时间：
2007-04-01
