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We introduce an efficiency wage mechanism into an innovation-driven growth model. Due to asymmetric information problems the labour market is segmented and homogeneous workers may be employed either in the non-competitive intermediate sector or in the competitive research sector. We analyse the...
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We introduce an efficiency-wage mechanism into an innovation-driven growth model. Due to informational problems, the labor market is segmented and homogeneous workers may be employed either in a non-competitive intermediate sector or in a competitive research one. We analyze the impact that...
Persistent link: https://www.econbiz.de/10014126742
We introduce an efficiency wage mechanism into an innovation-driven growth model. Due to asymmetric information problems the labour market is segmented and homogeneous workers may be employed either in the non-competitive intermediate sector or in the competitive research sector. We analyse the...
Persistent link: https://www.econbiz.de/10014076938
We introduce an efficiency-wage mechanism into an innovation-driven growth model. Due to informational problems, the labour market is segmented and homogeneous workers may be employed either in a non-competitive intermediate sector or in a competitive research one. We analyse the impact that...
Persistent link: https://www.econbiz.de/10004985132