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Sharing the sacrifice, minimizing the pain: Optimal wage reductions
Faced with temporary revenue shocks, employers may implement wage reductions — a common response to COVID-19 for U.S. universities. I provide a framework for optimal reductions when labor is inelastic wherein a planner balances “minimizing the pain” and “sharing the sacrifice.” I show that for a bro...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Elsevier B.V.
2020
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7445489/ https://www.ncbi.nlm.nih.gov/pubmed/32863482 http://dx.doi.org/10.1016/j.econlet.2020.109503 |