Scribd Logo
Загрузить

Добро пожаловать в Scribd!

  • Summers (1988) Relative Wages, Efficiency Wages, and Keynesian Unemployment

    Загружено:

    littleconspirator
    45 просмотров16 страниц
    NBER WORKING PAPER SERIES, Working Paper No. 2590, by Lawrence H. Summers (1988). Abstract: While modern economic theorists have produced a variety of explanations for the failure of wages to fall in the face of unemployment. Keynes emphasis on relative wages has not been reflected in most contemporary discussions. This short paper suggests that relative wage theories in which workers' productivity depends primarily on their relative wage provide the best available apparatus for understanding actual unemployment and its fluctuations. Such theories are very closely related to the efficiency wage theories that have received widespread attention in recent years.

    Авторское право

    © Attribution Non-Commercial (BY-NC)

    Доступные форматы

    PDF, TXT или читайте онлайн в Scribd

    Этот документ был вам полезен?

    Это неприемлемый материал?

    Пожаловаться на этот документ
    NBER WORKING PAPER SERIES, Working Paper No. 2590, by Lawrence H. Summers (1988). Abstract: While modern economic theorists have produced a variety of explanations for the failure of wages to fall in the face of unemployment. Keynes emphasis on relative wages has not been reflected in most contemporary discussions. This short paper suggests that relative wage theories in which workers' productivity depends primarily on their relative wage provide the best available apparatus for understanding actual unemployment and its fluctuations. Such theories are very closely related to the efficiency wage theories that have received widespread attention in recent years.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    45 просмотров16 страниц

    Summers (1988) Relative Wages, Efficiency Wages, and Keynesian Unemployment

    Загружено:

    littleconspirator
    NBER WORKING PAPER SERIES, Working Paper No. 2590, by Lawrence H. Summers (1988). Abstract: While modern economic theorists have produced a variety of explanations for the failure of wages to fall in the face of unemployment. Keynes emphasis on relative wages has not been reflected in most contemporary discussions. This short paper suggests that relative wage theories in which workers' productivity depends primarily on their relative wage provide the best available apparatus for understanding actual unemployment and its fluctuations. Such theories are very closely related to the efficiency wage theories that have received widespread attention in recent years.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 16

    K E Y N E S I A N

    L a w r e n c e













































































































































































































    a t








    o f


    n









    a r e















    e q u i l i b r i a






    s e n s i t i v e











    e h a r p l y

















    y e a r s





    i d e n t i f y i n g


    l e a s t






    m a r k e t






    t h e
    s u m m e r t i m e



    l i k e c a n c e r ,










    W a g e s a n d E q u i l i b r i u m U n e m p l o y m e n t
    u
    w w


    1 . T h e r e














    7 6 8 - 7 7 7 .


    a n d
    t h e


    M a c r o e c o n o m i c s






    H a n d b o o k




    f o r t h c o m i n g .


    K e y n e s ' s





    H y s t e r e s i s ,

    Вам также может понравиться