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Macroeconomic Rationing of Employment

In: Unemployment in Western Countries

Author

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  • E. Malinvaud

    (IEA)

Abstract

J. M. Keynes started his General Theory with the obvious assertion that when involuntary unemployment exists, the labour supply is not met (which he calls the negation of the ‘second postulate’ of classical theory). During recent years it became common among some theorists to say that workers are then rationed in their labour supply.

Suggested Citation

  • E. Malinvaud, 1980. "Macroeconomic Rationing of Employment," International Economic Association Series, in: Edmond Malinvaud & Jean-Paul Fitoussi (ed.), Unemployment in Western Countries, chapter 7, pages 173-205, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-16407-3_7
    DOI: 10.1007/978-1-349-16407-3_7
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    Citations

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    Cited by:

    1. Jean-Paul LAMBERT, 1983. "Modèles macroéconomiques de rationnement et enquêtes de conjoncture," Discussion Papers (REL - Recherches Economiques de Louvain) 1983031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Smolny, Werner, 1995. "Employment and unemployment in Germany: Some results from a macroeconomic disequilibrium model," Discussion Papers, Series II 247, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    3. Boyer, Marcel & Dagenais, Marcel G. & Salvas-Bronsard, Lise, 1989. "L’empreinte de MalinvaudMélanges économiques. Essais en l’honneur de Edmond Malinvaud, Economica, Paris, 1988 (1092 pages)," L'Actualité Economique, Société Canadienne de Science Economique, vol. 65(2), pages 263-296, juin.
    4. Franz, Wolfgang & Heidbrink, Gustav W. & Scheremet, Wolfgang, 1990. "International trade in a disequilibrium model," Discussion Papers, Series II 124, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    5. Plassard, Romain & Renault, Matthieu, 2023. "General equilibrium models with rationing: The making of a ‘European specialty’," European Economic Review, Elsevier, vol. 159(C).
    6. Horst Entorf & Henri R. Sneessens, 2000. "Aggregation in models with quantity constraints: The CES aggregation function," Empirical Economics, Springer, vol. 25(1), pages 35-59.
    7. Tsukuda, Yoshihiko & Miyakoshi, Tatsuyoshi, 1999. "The Japanese Labor Markets: Unemployment and Vacancies," Journal of the Japanese and International Economies, Elsevier, vol. 13(2), pages 91-118, June.
    8. Heinesen, Eskil, 1995. "The two-variable CES transaction function in macroeconomic rationing models," Economics Letters, Elsevier, vol. 48(3-4), pages 257-265, June.
    9. Smolny, Werner, 1992. "Dynamic factor demand in a rationing model," Discussion Papers, Series II 175, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    10. Franz, Wolfgang & Heidbrink, Gustav W., 1991. "The importance of rationing in international trade: A theoretical and econometric analysis for the Federal Republic of Germany," Discussion Papers, Series II 165, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".

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