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in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing …
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in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing …
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-matching theory and a standard labor demand model. Estimation on firm-level data yields support for the labor demand model. Wages and …
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Market wages -- Efficiency wages -- Market constraint -- Wage subsidy -- Elasticity of labour demand -- Purchasing … power of wages -- Macro-focused unions -- Unit labour cost -- Unit business cost …
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