wage flexibility
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2021 ◽  
Author(s):  
David Card ◽  
Ana Rute Cardoso
Keyword(s):  

2021 ◽  
Author(s):  
David E. Card ◽  
Ana Rute Cardoso
Keyword(s):  

2021 ◽  
Author(s):  
David E. Card ◽  
Ana Rute Cardoso
Keyword(s):  

2020 ◽  
Vol 82 (6) ◽  
pp. 1239-1261
Author(s):  
Roberto M. Billi ◽  
Jordi Galí

2020 ◽  
Vol 44 (4) ◽  
pp. 764-789
Author(s):  
Fei Peng ◽  
Sajid Anwar ◽  
Lili Kang
Keyword(s):  

2020 ◽  
pp. 1-13
Author(s):  
Bingsong Wang

This paper shows that the ability of the credible wage bargaining model to match the observed unemployment volatility hinges on an unrealistic assumption about disagreement payoffs to the firm. Relaxing this assumption can lead to the substantial wage flexibility. As a consequence, the model is unable to capture the observed unemployment volatility.


2020 ◽  
Vol 24 (2) ◽  
Author(s):  
Julio López G.

ABSTRACT This paper discusses Keynes’ and Kalecki’s rejection of the notion that downward wage flexibility would ensure full employment, recollecting also Steindl’s stagnation theory, which extends to the long-run Kalecki’s ideas. It then considers the association between wage fall and currency depreciation and examines the Latin American contribution to the arguments of why currency devaluation may depress aggregate demand. Afterwards, it briefly reflects on the economic policy consequences that the authors studied here inferred from their analysis. It finally adds a succinct remark on the author’s empirical findings on this issue.


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