Why Wages Don't Fall during a Recession /

Why Wages Don't Fall during a Recession / / Truman F. Bewley.

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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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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter HUP eBook Package Archive 1893-1999
VerfasserIn:
Bewley, Truman F.,
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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Table of Contents:
  • Frontmatter
  • CONTENTS
  • ACKNOWLEDGMENTS
  • 1 INTRODUCTION
  • 2 METHODS
  • 3 TIME AND LOCATION
  • 4 MORALE
  • 5 COMPANY RISK AVERSION
  • 6 INTERNAL PAY STRUCTURE
  • 7 EXTERNAL PAY STRUCTURE
  • 8 THE SHIRKING THEORY
  • 9 THE PAY OF NEW HIRES IN THE PRIMARY SECTOR
  • 10 RAISES
  • 11 RESISTANCE TO PAY REDUCTION
  • 12 EXPERIENCES WITH PAY REDUCTION
  • 13 LAYOFFS
  • 14 SEVERANCE BENEFITS
  • 15 HIRING
  • 16 VOLUNTARY TURNOVER
  • 17 THE SECONDARY SECTOR
  • 18 THE UNEMPLOYED
  • 19 INFORMATION, WAGE RIGIDITY, AND LABOR NEGOTIATIONS
  • 20 EXISTING THEORIES
  • 21 REMARKS ON THEORY
  • 22 WHERETO FROM HERE?
  • NOTES
  • REFERENCES
  • INDEX

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