Belke, Ansgar (contributor); Fehn, Rainer (contributor) - 2001 - [Elektronische Ressource]
the labor share as well as real
wages in efficiency units could in fact rise in the long run.
4 The importance of the … simple notion of
creating more employment on essentially a given capital stock by reducing real wages, i.e.,
moving … face of the trade off between real wages and
employment, which exists due to a downward-sloped labor demand curve in the …