Browsing by Subject "Wage sequences"

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The spot market matters : evidence on implicit contracts from Britain

Devereux, Paul J. ; Hart, Robert A. (Institute for the Study of Labor, 2005-02)

Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out ...