Download or read book Movements of Wage rates in the Business Cycle written by John Thomas Dunlop and published by . This book was released on 1939 with total page 862 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wages in the Business Cycle written by Jonathan Michie and published by Bloomsbury Publishing. This book was released on 2013-11-07 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: During prolonged economic recessions when the normal cyclical expansion of output fails to materialize, the topic of the 'cyclical behaviour of wages' has emerged as an area of debate. In 1985, the British Treasury claimed that academic studies into the cyclical behaviour of wages demonstrated that a cut in wages would increase employment. Wages in the Business Cycle contests this argument by presenting the results of original, empirical work which illustrates the absence of any systematic empirical regularity to wage movements over the business cycle. Jonathan Michie argues that the re-emergence of this debate must be seen within the context of the theory of the 'labour demand function', representing an attempt to challenge the Keynesian theoretical assumptions implicit in the bulk of applied macro economic work up to the late 1970s.

Download or read book Movements of Wages Over the Business Cycle written by Beth Anne Wilson and published by . This book was released on 1997 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost and Price Movements in Business Cycle Theories and Experience written by Victor Zarnowitz and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the post-World War II period, wage and price levels reacted much less to business contractions than they did in earlier times. Inflation prevailed and its persistence increased. The contractions themselves became relatively short and mild. All these developments have some common roots in the major structural, institutional, and policy changes of the era. This paper takes a look at the assumptions concerning wage and price behavior in types of contemporary macroeconomic theories and their implications for the analysis of the business cycle. The various hypotheses of real and nominal "rigidities" are then related to each other and to alternative theories of how markets clear. Long-term stable wage and price arrangements or contracts have important equilibrium aspects that are consistent with high degrees of competition; or, to put it differently, there are good reasons for market clearing by nonprice mechanisms. Further, imperfections of competition, information, and markets make some stickiness of wages and prices inevitable. Changes in relative prices and costs, productivity, and profitability play an important role in the process of propagation of business cycles.

Download or read book Behavior of Wage Rates During Business Cycles written by Daniel Barnett Creamer and published by . This book was released on 1950 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wage Theory Wage Rates and Productivity written by Joseph Herman Taggart and published by . This book was released on 1959 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Business Fluctuations and the American Labor Movement 1915 1922 written by Vincent Wesley Lanfear and published by Studies in History, Economics, and Public Law. This book was released on 1924 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wage rates and Industrial Depressions written by Francis Joseph Boland and published by . This book was released on 1924 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wage and Price Movements written by James E. Jonish and published by . This book was released on 1977 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Political Economy of the Living Wage written by Oren M. Levin-Waldman and published by M.E. Sharpe. This book was released on 2005 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oren M. Levin-Waldman studies the role that living wage campaigns may have had in recent years in altering the political landscape in four cities where they have been adopted: Los Angeles, Detroit, Baltimore, and New Orleans.

Download or read book Business Cycle Theory written by Finn E. Kydland and published by Edward Elgar Publishing. This book was released on 1995 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a collection of key articles on modern business cycle theory. Fundamental to business cycle theory is the estimation of the role played by different impulses or shocks for aggregate fluctuations, and identifying the mechanisms by which these impulses propagate over time to create the cycles we observe. Business Cycles Theory is divided into three parts. Part I deals with issues of measurement and methodology and describes empirical business cycle regularities. Parts II and III centre around the study of real and nominal shocks and impulses.

Download or read book The Impact of the Union written by John Maurice Clark and published by . This book was released on 1956 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Readings in Business Cycles and National Income written by Richard Vernon Clemence and published by . This book was released on 1953 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Structure of Wages written by Edward P. Lazear and published by University of Chicago Press. This book was released on 2009-05-15 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages:An International Comparison analyzes labor trends and their institutional background in the United States and eight European countries. A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization.

Download or read book The Effect of Implicit Contracts on the Movement of Real Wages Over the Business Cycle Evidence from Micro Data written by Beaudry, Paul and published by Montréal : Université de Montréal, Centre de recherche et développement en économique. This book was released on 1990 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Structural Slumps written by Edmund S. Phelps and published by Harvard University Press. This book was released on 1994 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands-some modern and some classical--a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s. Phelps sees secular shifts and long swings of the unemployment rate as structural in nature. That is, they are typically the result of movements in the natural rate of unemployment (to which the equilibrium path is always tending) rather than of long-persisting deviations around a natural rate itself impervious to changing structure. What has been lacking is a "structuralist" theory of how the natural rate is disturbed by real demand and supply shocks, foreign and domestic, and the adjustments they set in motion. To study the determination of the natural rate path, Phelps constructs three stylized general equilibrium models, each one built around a distinct kind of asset in which firms invest and which is important for the hiring decision. An element of these models is the modern economics of the labor market whereby firms, in seeking to dampen their employees' propensities to quit and shirk, drive wages above market-clearing levels-the phenomenon of the "incentive wage"--and so generate involuntary unemployment in labor-market equilibrium. Another element is the capital market, where interest rates are disturbed by demand and supply shocks such as shifts in profitability, thrift, productivity, and the rate of technical progress and population increase. A general-equilibrium analysis shows how various real shocks, operating through interest rates upon the demand for employees and through the propensity to quit and shirk upon the incentive wage, act upon the natural rate (and thus equilibrium path). In an econometric and historical section, the new theory of economic activity is submitted to certain empirical tests against global postwar data. In the final section the author draws from the theory some suggestions for government policy measures that would best serve to combat structural slumps.

Download or read book Exchange Rates and Wages written by Linda S. Goldberg and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effects of exchange rate fluctuations across the population is an important issue for increasingly globalized economies. Previous studies using industry aggregate data have found differences across industries in the labor market implications of exchange rates, reporting that industry wages are significantly more responsive than industry employment. We offer an explanation for this paradoxical finding. Using Current Population Survey data for 1976 through 1998, we document that the main mechanism for exchange rate effects on wages occurs through job turnover and the strong consequences this has for the wages of workers undergoing such job transitions. By contrast, workers who remain with the same employer experience little if any wage impacts from exchange rate shocks. In addition, we find that the least educated workers who also have the most frequent job changes shoulder the largest adjustments to exchange rates.