Efficiency wages revisited: The internal reference perspective

被引:16
作者
Danthine, JP
Kurmann, A
机构
[1] Univ Lausanne, Ecole Hautes Etud Commerciales, FAME, CH-1007 Lausanne, Switzerland
[2] Univ Quebec, Montreal, PQ H3C 3P8, Canada
关键词
efficiency wages; wage rigidity; rent sharing;
D O I
10.1016/j.econlet.2005.08.015
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 firm's ability to pay generate strong wage rigidity. (c) 2005 Elsevier B.V. All rights reserved.
引用
收藏
页码:278 / 284
页数:7
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