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A Classical Model of Involuntary Unemployment: Efficiency Wages and Macroeconomic Policy

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  • Jullien, B.
  • Picard, P.

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  • Jullien, B. & Picard, P., 1993. "A Classical Model of Involuntary Unemployment: Efficiency Wages and Macroeconomic Policy," Papers 9305, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
    • Handle: RePEc:fth:pnegmi:9305
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    References listed on IDEAS

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    1. Charles Kahn & Dilip Mookherjee, 1988. "A Competitive Efficiency Wage Model with Keynesian Features," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(4), pages 609-645.
    2. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
    3. Bulow, Jeremy I & Summers, Lawrence H, 1986. "A Theory of Dual Labor Markets with Application to Industrial Policy,Discrimination, and Keynesian Unemployment," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 376-414, July.
    4. Calvo, Guillermo, 1979. "Quasi-Walrasian Theories of Unemployment," American Economic Review, American Economic Association, vol. 69(2), pages 102-107, May.
    5. Grandmont, Jean-michel, 1989. "Keynesian issues and economic theory," CEPREMAP Working Papers (Couverture Orange) 8907, CEPREMAP.
    6. N. Gregory Mankiw & Julio J. Rotemberg & Lawrence H. Summers, 1985. "Intertemporal Substitution in Macroeconomics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(1), pages 225-251.
    7. repec:bla:scandj:v:91:y:1989:i:2:p:265-93 is not listed on IDEAS
    8. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
    9. Lucas, Robert E, Jr & Rapping, Leonard A, 1969. "Real Wages, Employment, and Inflation," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 721-754, Sept./Oct.
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    Citations

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    Cited by:

    1. Jean-Michel Grandmont, 2016. "Endogenous Procyclicality of Labor Productivity, Employment, Real Wages and Effort in Conditionally Heteroskedastic Sunspots Unemployment Business Cycles with Negishi-Solow Efficiency Wages," Discussion Paper Series DP2016-14, Research Institute for Economics & Business Administration, Kobe University.
    2. Joydeep Bhattacharya & Shankha Chakraborty, 2005. "What do information frictions do?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(3), pages 651-675, October.
    3. Peter Hans Matthews, 2005. "Labor Discipline, Reputation and Underemployment Traps," Middlebury College Working Paper Series 0501, Middlebury College, Department of Economics.
    4. Noritaka Kudoh, 2007. "Unemployment Policies In An Economy With Adverse Selection," Bulletin of Economic Research, Wiley Blackwell, vol. 59(2), pages 179-196, April.
    5. Vincent Touzé, 1999. "Redistribution, inégalité et chômage," Économie et Prévision, Programme National Persée, vol. 138(2), pages 61-75.
    6. Canegallo, Claudia, 1999. "Funzionamento del mercato del lavoro in presenza di informazione asimmetrica. Una rassegna della letteratura," POLIS Working Papers 8, Institute of Public Policy and Public Choice - POLIS.
    7. Dos Santos Ferreira, Rodolphe & Lloyd-Braga, Teresa & Modesto, Leonor, 2015. "The destabilizing effects of the social norm to work under a social security system," Mathematical Social Sciences, Elsevier, vol. 76(C), pages 64-72.
    8. James M. Holmes & Patricia A. Hutton, 2005. "A Stochastic Monopsony Theory of the Business Cycle," Economic Inquiry, Western Economic Association International, vol. 43(1), pages 206-219, January.
    9. Peter Matthews, 2002. "The Paradox of Labor Discipline With Heterogenous Workers," Middlebury College Working Paper Series 0223, Middlebury College, Department of Economics.
    10. Yaacov Lavi & Nathan Sussman, 2001. "The Determination of Real Wages in the Long Run and its Changes in the Short Run –Evidence from Israel: 1968-1998," Bank of Israel Working Papers 2001.04, Bank of Israel.

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    Keywords

    unemployment ; wages;

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