Zwick, Thomas; Bunte, Frank; Haan, Marco; Maks, Hans; … - Maastricht : METEOR, Maastricht Research School of … - 1995
In this paper the effects of different institutional scenarios on rent creation and rent distribution in a labour market are studied. Rent is generated by sinking costs in human capital investment and this rent is distributed between firms and workers by the wage set. In the bench-mark scenario...
