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Labour demand and real wages

Author

Listed:
  • Farm, Ante

    (Swedish Institute for Social Research, Stockholm University)

Abstract

This paper shows that the traditional model of labour demand in a firm is incomplete and that the determinants of labour demand in a complete model include the demand for the firm’s products but not the real wage.

Suggested Citation

  • Farm, Ante, 2017. "Labour demand and real wages," Working Paper Series 4/2017, Stockholm University, Swedish Institute for Social Research.
    • Handle: RePEc:hhs:sofiwp:2017_004
    as

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    References listed on IDEAS

    as
    1. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
    2. Giorgio Galeazzi & Daniel S. Hamermesh (ed.), 1993. "Dynamic Labor Demand And Adjustment Costs," Books, Edward Elgar Publishing, number 551.
    3. Daniel S. Hamermesh, 1993. "Labor Demand and the Source of Adjustment Costs," NBER Working Papers 4394, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Labour demand; employment; real wage;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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