Title of article
Efficiency wages revisited: The internal reference perspective
Author/Authors
Jean-Pierre Danthine، نويسنده , , André Kurmann، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
7
From page
278
To page
284
Abstract
The missing wage rigidity in general equilibrium models of efficiency wages is an artifact of the external wage reference definition usually adopted. Efficiency wage models with a wage reference depending on the firmʹs ability to pay generate strong wage rigidity.
Keywords
Wage rigidity , Rent sharing , Efficiency wages
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
435861
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