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sich der technologische Fortschritt in den USA auf das Produktivitätsniveau in den Industrieländern auswirkt. Insgesamt … Produktivitätswachstums in den USA dürfte daher nur eine geringe Auswirkung auf die Produktivitätsdynamik in den Industriestaaten gehabt haben …
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persistence of technology shocks. -- firm defaults ; money supply shock ; labor productivity …
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This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an economy with search frictions and firm commitment. We develop an equilibrium search model with worker and firm shocks and characterize the optimal contract offered by competing...
Persistent link: https://www.econbiz.de/10014090908
This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an economy with search frictions and firm commitment. We develop an equilibrium search model with worker and firm shocks and characterize the optimal contract offered by competing...
Persistent link: https://www.econbiz.de/10014090932
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