occupational specialization towards multi-tasking – for centralized wage bargaining. The analysis shows how, on account of this …

, creating demands for new combinations of skills, and thereby leading to new patterns of wage inequality. Specifically, our … United States, accompanied by a narrowing of the male-female wage differentials; the reorganization of firms from task …

The paper analyzes a variety of government policies that can stimulate employment when unemployment is generated … may be ineffective. We show how supply side policies can stimulate employment by raising worker productivity or reducing … effect on employment unless these policies stimulate labor productivity, the entry of firms, capital utilization or …

generally involves wage-price sluggishness or counter-cyclical real wage movements. In practice, however, real wages are often … product demand can affect employment under these conditions. The analysis suggests that the longer-term effectiveness of …

negotiations. Wage and employment decisions are assumed to be made before business conditions are known; thus these decisions …The paper constructs a simple macroeconomic model that contains a labor market in which insiders have power in wage … effectiveness of various government policies on production, employment, and pricing. Hysteresis is shown to be a special case in a …