Macroeconomic effects of product market competition in a dynamic efficiency wage model

被引：10

作者：

Amable, B

Gatti, D

机构：

[1] Univ Lille 2, F-92001 Nanterre, France

[2] Univ Paris 10, MODEM, F-92001 Nanterre, France

[3] CEPREMAP, Paris, France

[4] Univ Paris 10, Nanterre, France

来源：

ECONOMICS LETTERS | 2002年 / 75卷 / 01期

关键词：

labour turnover; efficiency wage; imperfect competition;

D O I：

10.1016/S0165-1765(01)00583-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper proposes a model of monopolistic competition where wages are set according to a dynamic efficiency wage mechanism. We show that increased product market competition boosts labour turnover, widens wage differentials across sectors, and amplifies employment adjustments following adverse shocks. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：39 / 46

页数：8

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