Download or read book Employment and the Great Recession written by Mr.Bas B. Bakker and published by International Monetary Fund. This book was released on 2015-10-28 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession was not just cyclical (the result of a lack of aggregate demand); the degree of adjustment of real wages and the impact this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real wages adjusted when the economy slowed down. But in some countries real wage growth stayed too high for too long. The result was large-scale labor shedding, which boosted labor productivity but also contributed to a sharp rise in unemployment. In this context, the paper discusses the different experiences of the UK (where employment increased) and Spain (where it fell sharply), and finds that almost two thirds of the employment losses in Spain resulted from the failure of real wages to adjust adequately.
Download or read book Real Wages and Employment written by Andres Drobny and published by Routledge. This book was released on 1988-10-06 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: With both Monetarist and Keynesian economic theory so closely bound up with employment levels and inflation, the contrast between the two models is here given thorough examination in light of real post-war data. Following the development of Monetarism as a reaction against Keynesian analysis, Drobny focuses on the importance of relative pricing wit
Download or read book Real Wages and Employment written by Robert Gausden and published by . This book was released on 1986 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real Wages in the United States 1890 1926 written by Paul Howard Douglas and published by . This book was released on 1966 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real Wages Employment and Expectations written by John Huizinga and published by . This book was released on 1980 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Recent Trend of Real Wages written by Isaac Max Rubinow and published by . This book was released on 1914 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wage Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Download or read book Real Wages and Employment written by Andres Drobny and published by Routledge. This book was released on 1988-10-06 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: With both Monetarist and Keynesian economic theory so closely bound up with employment levels and inflation, the contrast between the two models is here given thorough examination in light of real post-war data. Following the development of Monetarism as a reaction against Keynesian analysis, Drobny focuses on the importance of relative pricing within each approach as a basis for comparison. Drawing from both theories, the author forms models of labour demand and applies the conflicting results to a series of pragmatic tests, thereby highlighting the usefulness and the limitations of each standpoint.
Download or read book Real Wages and Employment written by Andrès Drobny and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real Wages and Employment written by Andrès Drobny and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Employment real Wage Relationship written by Patrick T. Geary and published by . This book was released on 1979 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real Wages in Manufacturing 1890 1914 written by Albert Rees and published by Princeton University Press. This book was released on 2015-12-08 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous wage studies of the period before World War I found that real wages remained stable from 1890 to 1914 despite the continued growth of the economy. This study indicates that this conclusion was based on faulty statistics. Using new estimates of money wages and a new cost-of-living index, Mr. Rees shows that real wages rose considerably in this period, although less than in later years. His findings will require revision of the prevailing viewpoint. Originally published in 1961. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book The Real Wage written by Stephen J. Nickell and published by . This book was released on 1986 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real Wages and Employment written by J. Hilton and published by . This book was released on 1930 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Unexpected Inflation Real Wages and Employment Determination in Union Contracts written by David Edward Card and published by . This book was released on 1988 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents new microeconometric evidence on the relevance of nominal contracting for employment determination in the unionized sector. Real wages in long term union contracts contain an unanticipated component that reflects unexpected changes in prices and the degree of indexation. These unexpected wage components provide a convenient tool for separating the causal effects of wages on employment from other endogenous sources of employment and wage variation. The empirical analysis of employment and wage outcomes among collective agreements in the Canadian manufacturing sector reveals that employment and wages are only weakly related. When unexpected changes in real wages are used as an instrumental variable for the contract wage, however, employment is consistently negatively related to wages. The results imply that the institutional structure of wage determination has important effects on the cyclical characteristics and persistence of employment changes.
Download or read book Real Wages and Employment written by Andrès Drobny and published by . This book was released on 1985 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
