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Can I read The Relationship between Output and Unemployment with Efficiency Wages on EtoBox?
The Relationship between Output and Unemployment with Efficiency Wages by Jim Malley; Hassan Molana is a Economics, Econometrics and Finance article available to read on EtoBox.
What is The Relationship between Output and Unemployment with Efficiency Wages about?
## Abstract We construct a stylised model of the supply side with goods and labour market imperfections to show that an economy can rationally operate at a low-effort state in which the relationship between output and unemployment is positive. We examine data from the G7 countries over 1960-2001 and find that only German data strongly favour a persistent negative relationship between the level of output and rate of unemployment. The consequence of this is that circumstances exist in which market imperfections could pose serious obstacles to the smooth working of expansionary and/or stabilisation policies and a positive demand shock might have adverse effects on employment.
Who reads The Relationship between Output and Unemployment with Efficiency Wages?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Jim Malley; Hassan Molana
- Publisher
- Walter de Gruyter GmbH
- Published
- 2007
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)