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What is downward wage rigidity?
ogf78
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What is downward wage rigidity?
What is downward wage rigidity?
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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Downward wage rigidity refers to the resistance by workers to take a cut in their wages. When downward wage rigidity exists, last year's wage acts as a wage floor for current wages.
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ogf78
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5 months ago
this is exactly what I needed
patyfeitosa
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Thanks for your help!!
nsak
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Thank you, thank you, thank you!
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