Employment Fluctuations in a Share Economy
The ability of a "share economy" to absorb adverse shocks without generating unemployment is not robust to changes in the specification of the labor market. In the presence of elastic short-run labor supply, inside workers, or efficiency wages, there may be more employment fluctuation at firms offering share contracts than at firms offering fixed-wage contracts. Copyright 1991 by Royal Economic Society.
Volume (Year): 43 (1991)
Issue (Month): 1 (January)
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