Labor Market Institutions, Liquidity Constraints, and Macroeconomic Stability
收藏NBER1991-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3926
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资源简介：
The sensitivity of employment and real wages -- hence aggregate labor income to short-run fluctuations in output varies across countries. We develop a simple theoretical model to show that, if workers, but not capitalists, are liquidity constrained, the sensitivity of an economy to exogenous
提供机构：
美国国家经济研究局
创建时间：
1991-12-01
