This chapter asks what can be said on the determinants of wages in a non-neoclassical perspective. It starts by arguing that the previous chapters imply that the neoclassical labour demand curve is not an acceptable notion (Keynes’s arguments in its sup
It integrates macroeconomics with a detailed micro-analysis of the labour market. it uses the authors' model to explain the puzzling post-war history of OECD unemployment and shows how unemployment and inflation are affected by systems of wage bargaining and unemployment insurance. For each issue ...
and Blanchard, O., 1994, On the Speed of Transition in Central Europe, NBER Macroeconomics Annual Google Scholar Beleva, I., Jackman, R. and Nenova, M., 1993 The Labour Market in Bulgaria, in Commander and Coricelli (eds.) op. cit.. Google Scholar Blanchard, O., 1991, Notes on...
" Non-linear real exchange rate effects in the UK labour market ," Macroeconomics 0507019, EconWPA.Milas, Costas And Gabriella Legrenzi (2006): "Non-linear Real Exchange Rate Effects in the UK Labour Market", Studies in Nonlinear Dynamics and Econometrics, 10(1), Article 4....
This study examines the potential economic and labour market impacts of a hypothetical but plausible migration scenario of 250,000 new migrants inspired by Austria’s experience in 2015. Using the agent-based macroeconomic model developed by Poledna et a
E.C.Prescott, inHandbook of Macroeconomics, 2016 5.2US Hours Boom in the 1990s: A Crisis in RBC The basic neoclassical growth theory model accurately predicted the behaviorof the US economyprior to the 1990s, taking productivity taxes and demographics as exogenous. Theory was then ahead of measu...
Heijdra, Ben J
doi:10.1111/ilr.12097youth employmenttransition from school to worklabour market segmentationyouth unemploymentuniversity graduateKorea RSungyup CHUNGMacroeconomics Team Economic Research Institute, Bank of KoreaJohn Wiley & Sons, LtdInternational Labour Review...
which acted as the economic powerhouse in the consolidation of the European Union. It is all the more paradoxical that advanced market democracies can live with high unemployment placing relatively little emphasis on this problem, except perhaps at times of elections. A deep change in the climate ...
L枚fgren (1984), Disequilibrium Macroeconomics in Open Economies, Oxford: Basil Blackwell. Dickens, W.T. and K. Lang (1985), A Test of Dual Labour Market Theory, American Economic Review 75, 792鈥 805 Dreze, J, and N. Stern (1987), The Theory of Cost鈥揃enefit Analysis, in: A....