which wages are not contingent on firm size but more productive employers always pay higher wages. Although the state space …

which wages are not contingent on firm size but more productive employers always pay higher wages. Although the state space …

which wages are not contingent on firm size but more productive employers always pay higher wages. Although the state space …

equilibrium solution to the model in which wages are not contingent on firm size but more productive employers always pay higher … wages. Although the state space, the distribution of workers over firms, is large in the general case, it reduces to a …

growth dynamics. In a separating equilibrium, more productive firms signal their type by paying strictly higher wages in …

growth dynamics. In a separating equilibrium, more productive firms signal their type by paying strictly higher wages in …

which wages are not contingent on firm size but more productive employers always pay higher wages. Although the state space …

This paper presents a complete general equilibrium model with flexible wages, where the degree to which wages and … tempers the bargaining power of workers and thus dampens the increase in their real wages. The procyclical movement of wages …

(2009) disagrees with this modification, arguing that new hires' wages are not sticky. We argue that there is heterogeneity … in wage setting: while some wages are sticky, the others are not. We generalise the model to account for this …

(2009) disagrees with this modification, arguing that new hires' wages are not sticky. We argue that there is heterogeneity … in wage setting: while some wages are sticky, the others are not. We generalise the model to account for this …