Sticky wages in a world of ideas.

This paper examines the implications of idea production and knowledge capital for monetary business cycles. We construct a sticky‐wage model where workers produce goods based on firm‐specific knowledge capital and researchers develop new ideas aided by economywide knowledge. As a quantitatively smal...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 60; no. 4; pp. 1757 - 1782
Autores principales:	Huang, Kevin X. D., Katayama, Munechika, Shintani, Mototsugu, Tsuruga, Takayuki
Formato:	Artículo
Publicado:	Wiley-Blackwell Oct2022
Materias:	Wages Business cycles Pay for performance Monetary incentives
Acceso en línea:	Ver este registro en EBSCOhost