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...

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Publicado en:Southern Economic Journal Vol. 65; no. 2; pp. 331 - 341
Autores principales: Lin, Chung-cheng, Lai, Ching-chong
Formato: Artículo
Publicado: Southern Economic Association October 1998
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Lin, Chung-cheng
          Lai, Ching-chong
      su:
        Money supply
        Labor productivity
        Macroeconomics
        Labor demand
        Mathematical models of job vacancies
        Economic equilibrium
        Wages
        Mathematical models
      sug:
        subj:
          Money supply
          Labor productivity
          Macroeconomics
          Labor demand
          Mathematical models of job vacancies
          Economic equilibrium
          Wages
          Mathematical models
      keyword: Wages -- Mathematical models
      ab: 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.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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