Money wages and employment - revisited

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Author(s)
Uri
Date Issued
November 1983
Date Available
02T15:58:08Z September 2009
Abstract
The Barro-Grossman/Malinvaud model is extended to include two factors of production: skilled labour with a flexible price and unskilled labour with an exogenously determined money wage. A number of simple diagrams are constructed to examine the possiblity that factor substitution could enable wage cuts to restore full employment. However easily interpretable conditions are derived to illustrate the circumstances under which employment of unskilled labour responds perversely to changes in money wages.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
No. 16
Subject – LCSH
Factors of production
Unemployment--Effect of wages on
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
Owning collection
Economics Working Papers & Policy Papers