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Microfounding Meaningful Wage Rigidity and Involuntary Job Loss
Annable, James - 2017
The holy grail of Keynesian theorists during much of the postwar period has been to fully microfound meaningful wage rigidity (MWR), defined by its capacity to rationally suppress wage recontracting. This paper accomplishes that longstanding goal! MWR is shown to be a necessary condition for the...
Persistent link: https://www.econbiz.de/10012964433
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Reconsidering the Conventional Wisdom on the Legal Job Market
Barros, D. Benjamin - 2013
employment …
Persistent link: https://www.econbiz.de/10014158428
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Labor Economics from an Austrian Perspective
Boettke, Peter J.; Luther, William J. - 2017
The compelling case offered by Austrians regarding the recent economic downturn has no doubt encouraged many to take a closer look at the broader Austrian perspective. Similarly, the jobless recovery has prompted some soul searching in labor economics. We briefly review the history and...
Persistent link: https://www.econbiz.de/10014166637
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Human Capital and Its Structure
Burns, Scott - 2017
questions in labor and macroeconomics such as why employment takes so long to recover following a recession and why “under-employment …
Persistent link: https://www.econbiz.de/10014120054
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Involuntary Unemployment and the Business Cycle
Christiano, Lawrence J. - 2010
We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people without jobs who are (i) currently making concrete efforts to find work and (ii) willing and able to work. In addition, our model has the property that people searching for...
Persistent link: https://www.econbiz.de/10013143337
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Involuntary Unemployment and the Business Cycle
Christiano, Lawrence J. - 2010
We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people without jobs who are (i) currently making concrete efforts to find work and (ii) willing and able to work. In addition, our model has the property that people searching for...
Persistent link: https://www.econbiz.de/10013143723
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An Empirical Model of Growth Through Product Innovation
Mortensen, Dale T.; Lentz, Rasmus - Society for Economic Dynamics - SED - 2005
Persistent link: https://www.econbiz.de/10005069359
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Employment cyclicality by firm size, wage, and productivity in Brazil
Cravo, Túlio; Jacinto, Paulo de Andrade; Schimanski, … - 2018
The important debate about how economic fluctuations affect employment reallocation in heterogeneous businesses is … for devising labor policies that aim at dampening employment fluctuations. The theoretical literature suggests that job … on the cyclicality of employment in heterogeneous firms in a developing country. Results produced by classifying firms by …
Persistent link: https://www.econbiz.de/10012141924
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The Economic Effects of COVID-19 and Credit Constraints: Evidence from Italian Firms' Expectations and Plans
Balduzzi, Pierluigi; Brancati, Emanuele; Brianti, Marco; … - 2020
. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to …
Persistent link: https://www.econbiz.de/10012322428
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The economic effects of COVID-19 and credit constraints: evidence from Italian firms' expectations and plans
Balduzzi, Pierluigi; Brancati, Emanuele; Brianti, Marco; … - 2020
. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to …
Persistent link: https://www.econbiz.de/10012271637