IDEAS home Printed from https://ideas.repec.org/a/ucp/jlabec/v5y1987i2p278-300.html
   My bibliography  Save this article

Cyclical Variations in Wage Differentials and Unemployment

Author

Listed:
  • Ohashi, Isao

Abstract

This paper attempts to reformulate in a general-equilibrium framework M. W. Reder's model, which explains cyclical variations in wage differentials and their general tendencies to narrow. Specifically, the author focuses on the three aspects of his model: the microeconomic behavior of a firm under imperfect information about labor quality; the mechanism of the economy creating unemployment; and the interaction between wage differentials and unemployment. Its implications for the macroeconomic issues on the characteristics of current unemployment and the question of why aggregate employment fluctuates are also explored. Copyright 1987 by University of Chicago Press.

Suggested Citation

  • Ohashi, Isao, 1987. "Cyclical Variations in Wage Differentials and Unemployment," Journal of Labor Economics, University of Chicago Press, vol. 5(2), pages 278-300, April.
    • Handle: RePEc:ucp:jlabec:v:5:y:1987:i:2:p:278-300
    DOI: 10.1086/298148
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/298148
    File Function: full text
    Download Restriction: Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JOLE for details.
    File URL: https://libkey.io/10.1086/298148?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Franz, Wolfgang & Siebeck, Karin, 1990. "Theoretical aspects of the relation between unemployment and vacancies," Discussion Papers, Series II 102, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    2. Paul J. Devereux, 2004. "Cyclical Quality Adjustment in the Labor Market," Southern Economic Journal, John Wiley & Sons, vol. 70(3), pages 600-615, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jlabec:v:5:y:1987:i:2:p:278-300. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JOLE .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.