Wages and Unemployment

Book Name : Wages and Unemployment_x000D_
A Study in Non-Walrasian Macroeconomics

By by Pierre Picard

Sub Title : A Study in Non-Walrasian Macroeconomics

Written by : by Pierre Picard

Subject Category : Economics

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about this book

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 fixed-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 microeconomic mechanisms likely to account for real wage rigidity, including implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wages on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided. Cambridge University Press; May 1993 ISBN 9780511873836 Read online, or download in secure PDF format Title: Wages and Unemployment Author: Pierre Picard Imprint: Cambridge University Press Subject categories Economics > Industries. Land use. Labor > Management. Industrial management > Crisis management. Emergency management. Economics > Industries. Land use. Labor > Labor. Work. Working class Business > Economics > Macroeconomics ISBNs 0511873832 9780521350570 9780511873836 In The Press 'This is an interesting book which I recommend to read.' Journal of Economics

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Related subjects

Economics - Industries. Land use. Labor - Management. Industrial management - Crisis management. Emergency management. Economics - Industries. Land use. Labor - Labor. Work. Working class Business - Economics - Macroeconomics

ISBN

0511873832 - 9780521350570 - 9780511873836

In The Press:

'This is an interesting book which I recommend to read.' Journal of Economics

Imprint

Cambridge University Press