Steinbacher, Matej; Steinbacher, Matjaz; Steinbacher, Mitja - Volkswirtschaftliche Fakultät, … - 2009
In the paper, we simulate a heterogeneous-agent version of the wage-posting model as derived by Montgomery (1991) with … employer’s productivity level and the wage policy of the competitor. However, it is a less productive employer whose wage … posting could also outweigh the posting of a more productive employer, though only temporarily. …