Seniority Wages and Economic Growth

被引：0
作者：
Mark A. Roberts
机构：
[1] University of Nottingham,
来源：
The Japanese Economic Review | 2011年 / 62卷
关键词：
E21; J41;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Economies that lack well-developed markets for mobilizing household savings may, in some instances, grow faster than those that are financially more developed, provided that their labour markets are also characterized by seniority rather than spot wages. This occurs because of a Kaldorian redistribution effect in a model where households have finite-horizons and where older workers, as an endogenous feature, have higher saving rates.
引用
收藏
页码：431 / 443
页数：12
相关论文
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