Why Wages Don't Fall during a Recession

Riassunto

A deep question in economics is why wages and salaries don’t fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Bewley’s findings contradict most theories of wage rigidity and provide fascinating insights into the problems that prevent labor markets from clearing.

Dettagli sul prodotto

• Autori: Truman F. Bewley
• Editore: University Presses
• Lingue: Inglese
• Formato: Tascabile
• Pubblicazione: 30.09.2002
• EAN: 9780674009431
• ISBN: 978-0-674-00943-1
• Peso: 726 g
• Illustrazioni: 24 line illustrations, 104 tables
• Categorie: Scienze sociali, diritto, economia > Economia > Tematiche generali, enciclopedie; Economics, BUSINESS & ECONOMICS / Development / Business Development, Labour / income economics