Authors:Meghana Gaur, Princeton UniversityJohn Grigsby, Princeton UniversityJonathon Hazell, London School of EconomicsAbdoulaye Ndiaye, New York University Abstract: We introduce dynamic incentive contracts into a model of inflation and unemployment dynamics. Our main result is that wage cyclicality from incentives neither affects the slope of the Phillips curve for prices nor dampens unemployment dynamics. The impulse […] The post Bonus Question: How Does Flexible Incentive Pay Affect Wage Rig
Authors
Meghana Gaur, John Grigsby, Jonathon Hazell, Abdoulaye Ndiaye
- Published in
- United States of America
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- © Meghana Gaur, John Grigsby, Jonathon Hazell, Abdoulaye Ndiaye
