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A dynamic efficiency wage model with learning by doing

Jellal, Mohamed and Zenou, Yves (2000): A dynamic efficiency wage model with learning by doing. Published in: Economics Letters No. 66 (2000) 95-105

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Abstract

We propose a dynamic efficiency wage model with learning by doing. By taking into account the change inthe stock of workers’ knowledge, firms set efficiency wages such that the effort–wage elasticity is not in general equal to one.

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