Wage/tenure contracts with heterogeneous firms
نویسندگان
چکیده
منابع مشابه
Wage/tenure contracts with heterogeneous firms
This paper investigates equilibria in a labor market where heterogeneous rms post wage/tenure contracts and risk-averse workers, both employed and unemployed, search for new job opportunities. Di¤erent rms, even those with the same productivity, typically o¤er di¤erent contracts. Equilibrium nds workers never quit from higher productivity rms to lower productivity rms, but turnover is ine¢...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2010
ISSN: 0022-0531
DOI: 10.1016/j.jet.2010.02.002