Narrow search
Showing 1 - 2 of 2
Cover Image
The wage-productivity gap revisited: Is the labour share neutral to employment?
Karanassou, Marika; Sala, Hector - 2010
investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … exposition by providing empirical models of wage setting and employment equations for France, Germany, Italy, Japan, Spain, the …
Persistent link: https://www.econbiz.de/10010280741
Cover Image
The macroeconomics of the labor market: three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007
We distinguish and assess three fundamental views of the labor market regarding the movements in unempoyment: (i) the frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While the frictionless view implies a clear...
Persistent link: https://www.econbiz.de/10010281021