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De la rigueur salariale ou existe-t-il un salaire réel 'optimal' ?

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  • Patrick Artus

Abstract

A theoretical model of the behavior of firms and employees focusing on demand expectations and profitability is built. This model is based on the existence of uncertainty concerning the level of future demand, and generalizes existing work on that subject by explaining consistenly prices, production capacity, demand expectations and foreign trade. lt is shown that under certain hypotheses, a level of real wage that maximises capacity or expected employment exists; for lower real wages, the effects of profitability dominate those of demand, the opposite being true for higher real wages.

Suggested Citation

  • Patrick Artus, 1989. "De la rigueur salariale ou existe-t-il un salaire réel 'optimal' ?," Annals of Economics and Statistics, GENES, issue 13, pages 77-91.
  • Handle: RePEc:adr:anecst:y:1989:i:13:p:77-91
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    File URL: http://www.jstor.org/stable/20075730
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    1. Patrick Artus, 1992. "Politique salariale et taux d'intérêt en France dans les années 1980 : peut-on envisager de poursuivre sur la lancée ?," Revue Économique, Programme National Persée, vol. 43(3), pages 459-486.

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