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- W3121363522 abstract "Wage contracts, like all civil contracts, can be renegotiated by mutual consent. This is not just a theoretical possibility, but one that happens all the time. Annual wage increases, for example, are typically the result of genuine renegotiation, not the result of formal cost of living escalator clauses. This has implications for the effect of wage contracts on specitic investment. The possibility of renegotiation reverses a number of the widely accepted arguments about the form wage contracts should take. Some of the results we show here are:" @default.
- W3121363522 created "2021-02-01" @default.
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- W3121363522 date "1992-01-01" @default.
- W3121363522 modified "2023-10-02" @default.
- W3121363522 title "Specific investment and wage profiles in labour markets" @default.
- W3121363522 hasPublicationYear "1992" @default.
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