Implicit Investment Profiles and Intertemporal Adjustments of Relative Wages
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چکیده
منابع مشابه
Profitability, investment, and efficiency wages
We examine a model that blends the neoclassical theory of investment with an intertemporal efficiency wage model with turnover costs. Investment decisions in capital are associated with the allocation of labor and the determination of efficiency wages. The model relates Tobin’s q to efficiency wages and, in particular, to the Solow condition. It provides a general framework to analyze firm’s in...
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تاریخ انتشار 2007