Wage-Tenure Contracts in a Frictional Labour Market: Firms' Strategies for Recruitment and Retention.
A common assumption in equilibrium search and matching models of the labour market is that each firm posts a wage, to be paid to any worker hired. This paper considers the implications of firms posting contracts, in a random matching model with on-the-job search. More complex contracts enable firms...
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Format: | Journal article |
Language: | English |
Published: |
2004
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