| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29540 |
| 来源ID | Working Paper 29540 |
| Macroeconomic Dynamics with Rigid Wage Contracts | |
| Tobias Broer; Karl Harmenberg; Per Krusell; Erik Öberg | |
| 发表日期 | 2021-12-06 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We adapt the wage contracting structure in Chari (1983) to a dynamic, balanced-growth setting with re-contracting à la Calvo (1983). The resulting wage-rigidity framework delivers a model very similar to that in Jaimovich and Rebelo (2009), with their habit parameter replaced by our probability of wage-contract resetting. That is, if wage contracts can be reset very frequently, labor supply behaves in accordance with King, Plosser, and Rebelo (1988) preferences, whereas if they are sticky for a long time, we obtain the setting in Greenwood, Hercowitz, and Huffman (1988), thus allowing significant responses of hours to wage changes. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w29540 |
| 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/587214 |
| 推荐引用方式 GB/T 7714 | Tobias Broer,Karl Harmenberg,Per Krusell,et al. Macroeconomic Dynamics with Rigid Wage Contracts. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29540.pdf（356KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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