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Conditions for linearity of the wage curve

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  • Christian Bidard

Abstract

For a given technique, the wage‐rate of profit curve is linear in one‐sector models. In multisector models, Wicksell effects appear and some paradoxes in capital theory are linked to the complex shape of the wage curve. We study the conditions ensuring the linearity of the curve for a bisector model and for models satisfying a specific rank condition.

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  • Christian Bidard, 2020. "Conditions for linearity of the wage curve," Metroeconomica, Wiley Blackwell, vol. 71(2), pages 449-455, May.
    • Handle: RePEc:bla:metroe:v:71:y:2020:i:2:p:449-455
    DOI: 10.1111/meca.12283
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    Cited by:

    1. Tsoulfidis, Lefteris, 2021. "Capital Theory Debates: New Developments and Direction," Centro Sraffa Working Papers CSWP51, Centro di Ricerche e Documentazione "Piero Sraffa".

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