Endogenous labor share cycles: Theory and evidence
نویسندگان
چکیده
منابع مشابه
Endogenous Labor Market Cycles
In a perfectly stationary physical environment of the labor market, moral hazard and optimal termination in long-term contracts can generate two-period and much longer cycles in employment and output, and in other aggregate activities, including the creation and destruction of jobs, and the flows of workers entering and exiting employment. This theory sheds light on the unemployment volatility ...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2018
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2017.11.007