This book is concerned with the problem of wage rigidities in
macroeconomic theory, and their implications for public policy. It
offers an analysis of the microeconomic foundations of rigid wages,
considering their implications for normative economics, and their
role in explaining involuntary unemployment. The initial chapters
examine short-run macroeconomic equilibrium with nominal rigidities
within the framework of fixed-price temporary equilibria. This is
followed by an overview and assessment of the main microeconomic
mechanisms likely to account for real wage rigidity. In this
context new findings concerning microeconomic mechanisms likely to
account for real wage rigidity, including implicit contract theory,
union behaviour and efficiency wage models are reported. The effect
of efficiency wages on macroeconomic fluctuations is also
considered. Finally an analysis of the important public policy
issues raised in the book is provided.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
