Author: David G. Blanchflower
Publisher: MIT Press
ISBN: 9780262023757
Category : Business & Economics
Languages : en
Pages : 504
Book Description
The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.
The Wage Curve
Author: David G. Blanchflower
Publisher: MIT Press
ISBN: 9780262023757
Category : Business & Economics
Languages : en
Pages : 504
Book Description
The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.
Publisher: MIT Press
ISBN: 9780262023757
Category : Business & Economics
Languages : en
Pages : 504
Book Description
The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.
Contents of Recent Economics Journals
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 366
Book Description
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 366
Book Description
Real and Monetary Challenges to Wage Policy in Germany at the Turn of the Millennium
Author: Wolfgang Franz
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 70
Book Description
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 70
Book Description
Labour Mobility - an Adjustment Mechanism in Euroland?
Author: Patrick A. Puhani
Publisher:
ISBN:
Category : European Union countries
Languages : en
Pages : 46
Book Description
Publisher:
ISBN:
Category : European Union countries
Languages : en
Pages : 46
Book Description
A Simple and Efficient (Parametric Conditional) Test for the Pareto Law
Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 44
Book Description
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 44
Book Description
Wages and Unemployment
Author: Pierre Picard
Publisher: Cambridge University Press
ISBN: 0521350573
Category : Equilibrium (Economics).
Languages : en
Pages : 277
Book Description
This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fix-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wage models on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.
Publisher: Cambridge University Press
ISBN: 0521350573
Category : Equilibrium (Economics).
Languages : en
Pages : 277
Book Description
This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fix-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wage models on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.
Issues in Measuring and Modeling Poverty
Author: Martin Ravallion
Publisher: World Bank Publications
ISBN:
Category : Desigualdad economica
Languages : en
Pages : 36
Book Description
Publisher: World Bank Publications
ISBN:
Category : Desigualdad economica
Languages : en
Pages : 36
Book Description
Journal of Economic Literature
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 300
Book Description
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 300
Book Description
International Trade and Labor Markets
Author: Carl Davidson
Publisher: W.E. Upjohn Institute
ISBN: 0880992743
Category : Business & Economics
Languages : en
Pages : 156
Book Description
Publisher: W.E. Upjohn Institute
ISBN: 0880992743
Category : Business & Economics
Languages : en
Pages : 156
Book Description
The Classical Economists Revisited
Author: D. P. O'Brien
Publisher: Princeton University Press
ISBN: 0691177988
Category : Business & Economics
Languages : en
Pages : 444
Book Description
The Classical Economists Revisited conveys the extent, diversity, and richness of the literature of economics produced in the period extending from David Hume's Essays of 1752 to the final contributions of Fawcett and Cairnes in the 1870s. D. P. O'Brien thoroughly updates, rewrites, and expands the vastly influential work he first published in 1975, The Classical Economists. In particular, he sets out to make clear the shaping of a comprehensive vision of the working of an open economy, building on the great work of Adam Smith in Wealth of Nations, a development that was substantially affected by the contributions of David Ricardo. He shows that the Classical literature was in fact the work of a host of thinkers from a wide range of backgrounds. Covering the intellectual roots of the Classical literature and its methodological approaches, and the developed theories of value, distribution, money, trade, population, economic growth, and public finance, and examining the Classical attitudes toward a rich variety of policy issues, The Classical Economists Revisited considers not only the achievements of the Classical writers but also their legacy to the later development of economics. A seminal contribution to the field, this book will be treasured for many years to come by economists, historians of economics, instructors and their students, and anyone interested in the sweeping breadth and enduring influence of the classical economists.
Publisher: Princeton University Press
ISBN: 0691177988
Category : Business & Economics
Languages : en
Pages : 444
Book Description
The Classical Economists Revisited conveys the extent, diversity, and richness of the literature of economics produced in the period extending from David Hume's Essays of 1752 to the final contributions of Fawcett and Cairnes in the 1870s. D. P. O'Brien thoroughly updates, rewrites, and expands the vastly influential work he first published in 1975, The Classical Economists. In particular, he sets out to make clear the shaping of a comprehensive vision of the working of an open economy, building on the great work of Adam Smith in Wealth of Nations, a development that was substantially affected by the contributions of David Ricardo. He shows that the Classical literature was in fact the work of a host of thinkers from a wide range of backgrounds. Covering the intellectual roots of the Classical literature and its methodological approaches, and the developed theories of value, distribution, money, trade, population, economic growth, and public finance, and examining the Classical attitudes toward a rich variety of policy issues, The Classical Economists Revisited considers not only the achievements of the Classical writers but also their legacy to the later development of economics. A seminal contribution to the field, this book will be treasured for many years to come by economists, historians of economics, instructors and their students, and anyone interested in the sweeping breadth and enduring influence of the classical economists.