Wage-Tenure Contracts in a Frictional Labour Market: Firms' Stratgies for Recruitment and Retention.
This paper analyses the contract-posting equilibrium in a general equilibrium matching model of the labour market with on-the-job turnover. Privately optimal contracts have a rising wage-tenure profile, even when productivity is constant. The effect is to reduce equilibrium turnover; when jobs diffe...
| المؤلف الرئيسي: | |
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| التنسيق: | Working paper |
| اللغة: | English |
| منشور في: |
Nuffield College (University of Oxford)
2000
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