An Efficiency Wage Model With Persistent Cycles

Christophre Georges (cgeorges@hamilton.edu)

Economics Bulletin, 2002, vol. 5, issue 3, 1-6

Abstract: This note develops an efficiency wage model which displays persistent cycles under perfect foresight. Limit cycles arise from the dependence of current labor supply on both recent labor market conditions and the expected rate of job creation.

JEL-codes: C6 E3 (search for similar items in EconPapers)
Date: 2002-04-06
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Citations: View citations in EconPapers (1)

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