The Dynamics of Working Hours and Wages Under Implicit Contracts
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- Marco Guerrazzi & Pier Giuseppe Giribone, 2022. "The dynamics of working hours and wages under implicit contracts," Bulletin of Economic Research, Wiley Blackwell, vol. 74(4), pages 1075-1094, October.
- Guerrazzi, Marco & Giribone, Pier Giuseppe, 2019. "The dynamics of working hours and wages under implicit contracts," MPRA Paper 95978, University Library of Munich, Germany.
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- Marco Guerrazzi & Pier Giuseppe Giribone, 2021. "Dynamic wage bargaining and labour market fluctuations: the role of productivity shocks," SN Business & Economics, Springer, vol. 1(8), pages 1-20, August.
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More about this item
Keywords
Implicit contract theory; Consumption smoothing; Out-of-equilibrium dynamics; Stochastic optimal control;All these keywords.
JEL classification:
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
NEP fields
This paper has been announced in the following NEP Reports:- NEP-LMA-2021-04-26 (Labor Markets - Supply, Demand, and Wages)
- NEP-MAC-2021-04-26 (Macroeconomics)
- NEP-ORE-2021-04-26 (Operations Research)
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