Title:

Downward Wage Rigidity in a Model of Equal Treatment Contracting

Authors:

Pedro Silva Martins (Queen Mary College)
Andy Snell (U Edinburgh)
Jonathan Thomas (U Edinburgh)

Journal:

Scandinavian Journal Of Economics

Year:

2010

Volume:

112

Pages:

841-863

JEL codes:

D86 - Economics of Contract: Theory
E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation)
E32 - Business Fluctuations; Cycles
J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets