When more flexibility yields more fragility: the microfoundations of keynesian aggregate unemployment
" Wages are an element of cost crucially affecting the competitiveness of individual firms. But the wage bill is also a crucial element of aggregate demand. Hence it could be that more “flexible” and fluid labour markets, while allowing for faster inter-firm reallocation of labour, may also re...
| Main Authors: | , , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Paris
2016
OFCE |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19105265124919234479-When-more-flexibility-yields-m.htm |
