Title of article
Welfare costs of sticky wages when effort can respond
Author/Authors
Chang، Yongsung نويسنده , , Bils، Mark نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
-310
From page
311
To page
0
Abstract
We examine the impact of wage stickiness when employment has an effort as well as hours dimension. Despite wages being predetermined, the labor market clears through the effort margin. Consequently, welfare costs of wage stickiness are potentially much, much smaller
Keywords
Trade balance , Terms of trade , Harberger-Laursen-Metzler effect , Structural vector autoregression
Journal title
Journal of Monetary Economics
Serial Year
2003
Journal title
Journal of Monetary Economics
Record number
65703
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