Construct · 1 fields · 1 citations

equilibrium wage stickiness: a standalone construct

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Labor economics

wages that stay rigid within the bargaining set of a search model, which amplifies the response of hiring and unemployment to shocks.

In labor economics, equilibrium wage stickiness refers to wages that stay rigid within the bargaining set of a search model, which amplifies the response of hiring and unemployment to shocks. This meaning comes from Hall (2005) in American Economic Review.[1]

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Nearby constructs

bargaining set1 fields · 1 citationsanchor · a standalone construct bargaining1 fields · 2 citationsanchor · game theory equilibrium4 fields · 4 citationsjingle · one word, four constructs

References

Hall, R. E. (2005). Employment Fluctuations with Equilibrium Wage Stickiness. American Economic Review, 95(1), 50-65. https://doi.org/10.1257/0002828053828482

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