Universitat de Barcelona

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  • Growth, Unemployment And Wage Inertia

    White Papers // Jun 2011 // provided by Universitat de Barcelona

    The authors introduce wage setting via efficiency wages in the neoclassical one-sector growth model to study the growth effects of wage inertia. They compare the dynamic equilibrium of an economy with wage inertia with the equilibrium of an economy without wage inertia. They show that wage inertia affects the long ...

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