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:	Money supply Labor productivity Macroeconomics Labor demand Mathematical models of job vacancies Economic equilibrium Wages Mathematical models
Acceso en línea:	Ver este registro en EBSCOhost