Wednesday, April 1 2020, 13:10 pm
MEMORANDUM – Det samfunnsvitenskapelige fakultet

MEMORANDUM – Det samfunnsvitenskapelige fakultet

The remainder of the paper is organised as follows. In section 2, I present important institutional features of the wage setting in Western Europe and the US. The basic model is provided in sections 3 and 4. Section 5 derives the equilibrium of the