Fluctuations and rigidities in local labor markets, part II: reinterpreting contract theory
Local labor markets are characterized by rigidities in their patterns of adjustment to short-run fluctuations. With or without unions, fluctuations in employment, hours worked, and money wages are unlike the patterns predicted by conventional discrete-exchange labor-market theories. Moreover there a...
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| Format: | Journal article |
| Language: | English |
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Pion Ltd.
1983
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