CiteULike toomash's CiteULike Search Register Log in
CiteULike is a free online bibliography manager. Register and you can start organising your references online.

Shirking, Unemployment and Aggregate Fluctuations Export

by: Paul Gomme
International Economic Review, Vol. 40, No. 1. (1999), pp. 3-21.

Citation Format

[Posts]

View FullText article


toomash's tags for this article

411-2 efficiency_wage labor

X Reviews [Write a review of this article]

X Find related articles from these CiteULike users

X Find related articles with these CiteULike tags

X Posting History

X Abstract

Empirically, real wages exhibit relatively little cyclical variation and a weak cyclical pattern. Early real business cycle (RBC) models predict, to the contrary, large, procyclical real wage movements. Incorporating efficiency wages into a RBC environment would seem promising since one prediction from the efficiency wage literature is real wage rigidity. This paper evaluates a common microfoundation for efficiency wages, the shirking model, with respect to its predictions for real wages within a RBC-style model. Simulations of the model reveal that it can generate dampened but still strongly procyclical real wage behavior.


X BibTeX record

X RIS record


Privacy Statement | Terms & Conditions
CiteULike organises scholarly (or academic) papers or literature and provides bibliographic (which means it makes bibliographies) for universities and higher education establishments. It helps undergraduates and postgraduates. People studying for PhDs or in postdoctoral (postdoc) positions. The service is similar in scope to EndNote or RefWorks or any other reference manager like BibTeX, but it is a social bookmarking service for scientists and humanities researchers.