The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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... wage rate . In this situa- tion , unemployment develops because of too high a real wage . Second , the type of model employed naturally lends itself to a discus- sion of aggregate disturbances , whether they be of internal or external ...
... wage rate . In this situa- tion , unemployment develops because of too high a real wage . Second , the type of model employed naturally lends itself to a discus- sion of aggregate disturbances , whether they be of internal or external ...
Página 914
... wage rate ) , the ratio of general welfare availability in the local area ( states ) to the individual's wage rate , and the frac- tion of weeks the worker was unemployed in 1965. Since individuals currently out of the market are less ...
... wage rate ) , the ratio of general welfare availability in the local area ( states ) to the individual's wage rate , and the frac- tion of weeks the worker was unemployed in 1965. Since individuals currently out of the market are less ...
Página 954
... wages , p / w and p * / w * . The only variable which can be affected is the relative wage rate w / w * = w , which no longer need be equal to one . We can determine w by looking at any one of three equivalent market - clearing con ...
... wages , p / w and p * / w * . The only variable which can be affected is the relative wage rate w / w * = w , which no longer need be equal to one . We can determine w by looking at any one of three equivalent market - clearing con ...
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adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero