Why Wages Don't Fall during a Recession / / Truman F. Bewley.
A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Esch...
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| Superior document: | Title is part of eBook package: De Gruyter HUP eBook Package Archive 1893-1999 |
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| Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2021] ©1999 |
| Year of Publication: | 2021 |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource (537 p.) |
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