| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19821 |
| 来源ID | Working Paper 19821 |
| How Sticky Wages in Existing Jobs Can Affect Hiring | |
| Mark Bils; Yongsung Chang; Sun-Bin Kim | |
| 发表日期 | 2014-01-16 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We consider a matching model of employment with wages that are flexible for new hires, but sticky within matches. We depart from standard treatments of sticky wages by allowing effort to respond to the wage being too high or low. Shimer (2004) and others have illustrated that employment in the Mortensen-Pissarides model does not depend on the degree of wage flexibility in existing matches. But this is not true in our model. If wages of matched workers are stuck too high in a recession, then firms will require more effort, lowering the value of additional labor and reducing new hiring. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w19821 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577494 |
| 推荐引用方式 GB/T 7714 | Mark Bils,Yongsung Chang,Sun-Bin Kim. How Sticky Wages in Existing Jobs Can Affect Hiring. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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