The Wage Curve

Author : David G. Blanchflower,Andrew J. Oswald
Publisher : MIT Press
Page : 504 pages
File Size : 42,8 Mb
Release : 1994
Category : Business & Economics
ISBN : 026202375X

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The Wage Curve by David G. Blanchflower,Andrew J. Oswald Pdf

The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.

Author : Blanchflower
Publisher : Unknown
Page : 128 pages
File Size : 54,6 Mb
Release : 1996
Category : Electronic
ISBN : OCLC:249233004

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Wage Curve ... by Blanchflower Pdf

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 48,8 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Author : Anonim
Publisher : Nordic Council of Ministers
Page : 76 pages
File Size : 54,5 Mb
Release : 1999
Category : Unemployment
ISBN : 9289303972

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The Wage Curve in the Nordic Countries by Anonim Pdf

Engelsk tekst. 109 s., hf., 1999. (TemaNord 1999 ; 597)

Author : David Blanchflower,Andrew J. Oswald,Dartmouth college. Department of economics
Publisher : Unknown
Page : 22 pages
File Size : 54,7 Mb
Release : 1994
Category : Wages
ISBN : OCLC:81071079

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An Introduction to the Wage Curve by David Blanchflower,Andrew J. Oswald,Dartmouth college. Department of economics Pdf

Author : James Forder
Publisher : OUP Oxford
Page : 320 pages
File Size : 42,5 Mb
Release : 2014-10-09
Category : Business & Economics
ISBN : 9780191506567

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Macroeconomics and the Phillips Curve Myth by James Forder Pdf

This book reconsiders the role of the Phillips curve in macroeconomic analysis in the first twenty years following the famous work by A. W. H. Phillips, after whom it is named. It argues that the story conventionally told is entirely misleading. In that story, Phillips made a great breakthrough but his work led to a view that inflationary policy could be used systematically to maintain low unemployment, and that it was only after the work of Milton Friedman and Edmund Phelps about a decade after Phillips' that this view was rejected. On the contrary, a detailed analysis of the literature of the times shows that the idea of a negative relation between wage change and unemployment - supposedly Phillips' discovery - was commonplace in the 1950s, as were the arguments attributed to Friedman and Phelps by the conventional story. And, perhaps most importantly, there is scarcely any sign of the idea of the inflation-unemployment tradeoff promoting inflationary policy, either in the theoretical literature or in actual policymaking. The book demonstrates and identifies a number of main strands of the actual thinking of the 1950s, 1960s, and 1970s on the question of the determination of inflation and its relation to other variables. The result is not only a rejection of the Phillips curve story as it has been told, and a reassessment of the understanding of the economists of those years of macroeconomics, but also the construction of an alternative, and historically more authentic account, of the economic theory of those times. A notable outcome is that the economic theory of the time was not nearly so naïve as it has been portrayed.

Author : David Card,Alan B. Krueger
Publisher : Princeton University Press
Page : 455 pages
File Size : 43,8 Mb
Release : 2015-12-22
Category : Business & Economics
ISBN : 9781400880874

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Myth and Measurement by David Card,Alan B. Krueger Pdf

From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.

Author : Richard Layard,P. Richard G. Layard,S. J. Nickell,Richard Jackman
Publisher : Oxford University Press, USA
Page : 678 pages
File Size : 54,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 0199279179

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Unemployment by Richard Layard,P. Richard G. Layard,S. J. Nickell,Richard Jackman Pdf

This broad survey of unemployment will be a major source of reference for both scholars and students.

Author : Dale Belman,Paul J. Wolfson
Publisher : W.E. Upjohn Institute
Page : 489 pages
File Size : 46,8 Mb
Release : 2014-07-07
Category : Political Science
ISBN : 9780880994569

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What Does the Minimum Wage Do? by Dale Belman,Paul J. Wolfson Pdf

Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.

Author : Floro Ernesto Caroleo,Sergio Destefanis
Publisher : Springer Science & Business Media
Page : 360 pages
File Size : 49,5 Mb
Release : 2006-03-14
Category : Business & Economics
ISBN : 3790816795

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The European Labour Market by Floro Ernesto Caroleo,Sergio Destefanis Pdf

This book brings together up-to-date findings on the regional dimensions of European labour markets. It provides a conceptual and empirical study of the interactions between the European economy and its regions, paying particular attention to the issue of the transition of Central and Eastern European countries to a market economy. The topics analysed include: the structure of the shocks affecting employment (regional, industrial, national), the relationships between labour market efficiency and the regional distribution of unemployment, wage flexibility in EU member countries or in their regions and the role of active labour market policies in affecting the regional distribution of employment and unemployment.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 50,6 Mb
Release : 2018
Category : Electronic
ISBN : 9220313472

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Global Wage Report 2018/19 by Anonim Pdf

The 2018/19 edition analyses the gender pay gap. The report focuses on two main challenges: how to find the most useful means for measurement, and how to break down the gender pay gap in ways that best inform policy-makers and social partners of the factors that underlie it. The report also includes a review of key policy issues regarding wages and the reduction of gender pay gaps in different national circumstances. “The Global Wage Report is an indispensable for economists, trade unionists, employers and the interested public.” − Hansjörg Herr, Berlin School of Economics and Law.

Author : Lance Taylor
Publisher : Cambridge University Press
Page : 145 pages
File Size : 50,6 Mb
Release : 2020-08-20
Category : Business & Economics
ISBN : 9781108494632

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Macroeconomic Inequality from Reagan to Trump by Lance Taylor Pdf

An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.

Author : Wendy Carlin
Publisher : Oxford University Press on Demand
Page : 482 pages
File Size : 52,6 Mb
Release : 1990
Category : Business & Economics
ISBN : 0198772440

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Macroeconomics and the Wage Bargain by Wendy Carlin Pdf

This intermediate level textbook concentrates on macroeconomic analysis and is one of the first to focus on imperfectly competitive labour and product markets. The authors present a `new Keynesian' treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world. These features are fully integrated in both closed and open economy analysis. The book provides access both to the important applied work on unemployment, inflation, and external balances, and to the journal literature on major questions of economic policy and performance, especially in Western Europe, available to undergraduates and non-specialists for the first time.

Author : David Neumark,William L. Wascher
Publisher : MIT Press
Page : 389 pages
File Size : 45,6 Mb
Release : 2008
Category : Income distribution
ISBN : 9780262141024

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Minimum Wages by David Neumark,William L. Wascher Pdf

A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.

Author : Dale Mortensen
Publisher : MIT Press
Page : 170 pages
File Size : 49,6 Mb
Release : 2003
Category : Business & Economics
ISBN : 0262633191

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Wage Dispersion by Dale Mortensen Pdf

A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.