Add to ORKGNeoclassical theory presumes that the demand for labor is a function of its real wage. Many local development agencies have taken this proposition as an article of faith, designing policies that effectively lower the real cost of labor. Empirical evidence for the textiles and electronics industries in a set of states in the USA provides only limited support for this theory and its implied policy menu. Alternative models of the demand for labor are explored, including neo-Keynesian fixed-price quantity-adjustment models. Analysis is based on a set of time-series adjustment models which emphasize the dynamics of labor demand
In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-lab...
Classical and Keynesian theories of employment and unemployment start from a common framework. There...
The model of labor market policy is closely related to the form and structure of the socio-economic ...
Neoclassical theory presumes that the demand for labor is a function of its real wage. Many local de...
In this paper, we outline the cost minimizing behavior of oligopoly firms and the price adjustment p...
Neoclassical analysis of the labor market and its institutions. A systematic development of the theo...
The quantitative significance of Neoclassical policy prescriptions focused on reductions in real lab...
In accordance with views rooted in neoclassical theory, the substantial growth of employment in the ...
According to the textbook Keynesian model, short-run demand for labor is sensitive to the demand for...
Most Post-Keynesians have approached the idea that marginal productivity accounted for the demand fo...
The "demand for labor" is usually understood by economists to mean the demand for labor services by ...
In this paper we first document various facts about the labor supply decisions of male workers in th...
The goal of this section is to point out the observed difficulties with the classical/neoclassical t...
The perspective of modern macroeconomic theory, be it new classical or old and new Keynesian, is tha...
The most famous and influential diagram in modern (neoclassical) labor economics is the model of wag...
In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-lab...
Classical and Keynesian theories of employment and unemployment start from a common framework. There...
The model of labor market policy is closely related to the form and structure of the socio-economic ...
Neoclassical theory presumes that the demand for labor is a function of its real wage. Many local de...
In this paper, we outline the cost minimizing behavior of oligopoly firms and the price adjustment p...
Neoclassical analysis of the labor market and its institutions. A systematic development of the theo...
The quantitative significance of Neoclassical policy prescriptions focused on reductions in real lab...
In accordance with views rooted in neoclassical theory, the substantial growth of employment in the ...
According to the textbook Keynesian model, short-run demand for labor is sensitive to the demand for...
Most Post-Keynesians have approached the idea that marginal productivity accounted for the demand fo...
The "demand for labor" is usually understood by economists to mean the demand for labor services by ...
In this paper we first document various facts about the labor supply decisions of male workers in th...
The goal of this section is to point out the observed difficulties with the classical/neoclassical t...
The perspective of modern macroeconomic theory, be it new classical or old and new Keynesian, is tha...
The most famous and influential diagram in modern (neoclassical) labor economics is the model of wag...
In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-lab...
Classical and Keynesian theories of employment and unemployment start from a common framework. There...
The model of labor market policy is closely related to the form and structure of the socio-economic ...