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Why Wages Don't Fall during a Recession

Om Why Wages Don't Fall during a Recession

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.

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  • Språk:
  • Engelsk
  • ISBN:
  • 9780674009431
  • Bindende:
  • Paperback
  • Sider:
  • 544
  • Utgitt:
  • 30. september 2002
  • Dimensjoner:
  • 153x230x34 mm.
  • Vekt:
  • 752 g.
  Gratis frakt
Leveringstid: 2-4 uker
Forventet levering: 28. desember 2024
Utvidet returrett til 31. januar 2025

Beskrivelse av Why Wages Don't Fall during a Recession

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.

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