Gift Exchange and the Business Cycle: The Fair Wage Strikes Back
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DOI: 10.1006/redy.1999.0075
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- Collard, Fabrice & de la Croix, David, 1996. "Gift exchange and the business cycle: the fair wage strikes back," LIDAM Discussion Papers IRES 1997008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 00 Apr 1997.
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More about this item
Keywords
efficiency wage; effort; time-nonseparability; RBC; wage sluggishness; business cycle puzzle;All these keywords.
JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
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