A Fair Wage Model of Unemployment with Inertia in Fairness Perceptions
Published on Wednesday, March 28, 2012 | Updated on Thursday, November 19, 2015
Document number 12/03
A Fair Wage Model of Unemployment with Inertia in Fairness Perceptions
A fair-wage model with inertia in fairness perceptions provides a plausible explanation for the observed negative correlation between changes in productivity growth and equilibrium unemployment
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