Equilibrium Wage-Tenure Contracts

In this study we consider a labor market matching model where firms post wage-tenure contracts and workers, both employed and unemployed, search for new job opportunities. Given workers are risk averse, we establish there is a unique equilibrium in the environment considered. Although firms in the m...

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Bibliographic details
Volume: 71
Main Author: Burdett, Kenneth
Coles, Melvyn Glyn
Format: Journal Article
Language: English
Place of publication: Econometric Society 2003
published in: Econometrica Vol. 71; no. 5; pp. 1377 - 1404
Data of publication: 2003
Series: Econometrica
Online Access: available in Bonn?
Database: RePEc
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