Efficiency wages, partial wage rigidity, and money nonneutrality.
The writers use the idea of partial rigidity of wages to illustrate a linkage between aggregate demand policies and aggregate supply in a pure maximization shirking-type model of efficiency wages. They argue that the partial rigidity of wages is a very common phenomenon in modern democratic societi...
| Publicado en: | Southern Economic Journal Vol. 65; no. 2; pp. 331 - 341 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Southern Economic Association
October 1998
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The writers use the idea of partial rigidity of wages to illustrate a linkage between aggregate demand policies and aggregate supply in a pure maximization shirking-type model of efficiency wages. They argue that the partial rigidity of wages is a very common phenomenon in modern democratic societies and that such a linkage is also suitable in other macroeconomic models. |
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