Caroleo, Floro Ernesto - Centro di Economia del Lavoro e di Politica Economica … - 2004
presence of non market clearing equilibria. In the first part it is shown how rigidity determines involuntary unemployment … unemployment) or from wage rigidity in the labour market (classical unemployment). In the second part two labour market models are … contrary, that involuntary unemployment is consistent with the first postulate of the neoclassical model that is the identity …
