On the positive correlation between income and patience
This paper uses a standard job-search model to provide a new explanation for the empirically documented positive correlation between patience and average income: more patient workers, by rejecting less favorable wage offers, end up with a higher average income in the long run. This is not clear at f...
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| Format: | Article |
| Language: | English |
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Fundação Getúlio Vargas
2006-03-01
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| Series: | Revista Brasileira de Economia |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402006000100002 |