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来源类型Working Paper
规范类型报告
DOI10.3386/w17284
来源IDWorking Paper 17284
Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment
Melvyn G. Coles; Dale T. Mortensen
发表日期2011-08-11
出版年2011
语种英语
摘要A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, firms cannot commit to wage contracts. Instead, the Markov perfect equilibrium to the wage setting game, characterized by Coles (2001), is assumed. In addition, firm recruiting decisions, firm entry and exit, and transitory firm productivity shocks are incorporated into the model.
主题Microeconomics ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w17284
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574959
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Melvyn G. Coles,Dale T. Mortensen. Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment. 2011.
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