Wage Rigidity, Implicit Contracts, Unemployment and Economic Efficiency

• 1 June 1987
• journal article
• Published by Oxford University Press (OUP) in The Economic Journal
• Vol. 97  (386) , 416
• https://doi.org/10.2307/2232887

Abstract

Keywords

• UNEMPLOYMENT
• WAGE RIGIDITY
• IMPLICIT CONTRACTS
• ECONOMIC EFFICIENCY