DOWNWARDS WAGE RIGIDITY, ENDOGENOUS SEPARATIONS AND FIRM TRAINING

被引：0
|
作者：
Lechthaler, Wolfgang [1 ]
机构：
[1] Kiel Inst World Econ, D-24105 Kiel, Germany
来源：
BULLETIN OF ECONOMIC RESEARCH | 2013年 / 65卷 / 04期
关键词：
human capital; training; wage rigidity; J24; J31; M53; MINIMUM-WAGES; UNEMPLOYMENT; EQUILIBRIUM;
D O I：
10.1111/j.1467-8586.2011.00427.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyses the effect of downwards wage rigidity on wage setting, wage compression and firm training. It is shown that downwards wage rigidity in future periods induces a wage penalty and increases wage compression in the present period. However, contrary to previous work this is not sufficient to increase firms' training investments. The reason lies in the endogeneity of separations, which become more frequent.
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页码：389 / 404
页数：16
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