Why Wages Don't Fall during a Recession /

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A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Esch...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bewley, Truman F. (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, MA : Harvard University Press, [2021]
Temas:
BUSINESS & ECONOMICS / Development / Business Development.
Acceso en línea:Texto completo
Texto completo
Tabla de Contenidos:
  • Frontmatter
  • CONTENTS
  • ACKNOWLEDGMENTS
  • 1 INTRODUCTION
  • 2 METHODS
  • 3 TIME AND LOCATION
  • 4 MORALE
  • 5 COMPANY RISK AVERSION
  • 6 INTERNAL PAY STRUCTURE
  • 7 EXTERNAL PAY STRUCTURE
  • 8 THE SHIRKING THEORY
  • 9 THE PAY OF NEW HIRES IN THE PRIMARY SECTOR
  • 10 RAISES
  • 11 RESISTANCE TO PAY REDUCTION
  • 12 EXPERIENCES WITH PAY REDUCTION
  • 13 LAYOFFS
  • 14 SEVERANCE BENEFITS
  • 15 HIRING
  • 16 VOLUNTARY TURNOVER
  • 17 THE SECONDARY SECTOR
  • 18 THE UNEMPLOYED
  • 19 INFORMATION, WAGE RIGIDITY, AND LABOR NEGOTIATIONS
  • 20 EXISTING THEORIES
  • 21 REMARKS ON THEORY
  • 22 WHERETO FROM HERE?
  • NOTES
  • REFERENCES
  • INDEX

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