Stable Sets and Steady Wages

Research output: Contribution to journalArticlepeer-review

Abstract

This paper uses the notion of the Stable Set, in conjunction with a mild restriction on the extent to which a firm can quickly replace its entire workforce, to explain equal treatment across workers within a firm yet wage differentials across firms, and why a firm responds with quantity rather than with wage adjustments to shocks.
Original languageEnglish
Pages (from-to) 721-730
Number of pages10
JournalScottish Journal of Political Economy
Volume54
Issue number5
Publication statusPublished - Nov 2007

Fingerprint

Dive into the research topics of 'Stable Sets and Steady Wages'. Together they form a unique fingerprint.

Cite this