Paldam, Martin - In: Scandinavian Journal of Economics 91 (1989) 1, pp. 63-81
The wage structure theory in this paper has three levels: (1) The micro level considers the relative wage (income) r between two groups. One r, termed r*, is a conflict equilibrium that also gives the minimum number of conflicts. The deviation of r from r* is the labor-market tension. (2) These...