TECHNICAL CHANGE IN A MODEL WITH FAIR WAGES AND UNEMPLOYMENT

Vassilis T. Rapanos

24 citations0/0 files storedInternational Economic Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Global trade and economics Labor market dynamics and wage inequality Economic Theory and Policy

Abstract

The purpose of this paper is to reconsider the results of the standard neoclassical theory of international trade regarding the effects of technical Change. We adopt a fair wage hypothesis, by postulating a work effort function, which depends on the relative returns to labor and capital, and the level of unemployment. Our analysis shows that the results of the standard analysis, initiated by Findlay and Grubert, may be altered considerably, Technical change may significantly affect involuntary unemployment, which is endogenously determined by the system, in contrast with most of the studies based on the standard model. [F11, O33]

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 24 citations exist upstream.

References

1970Migration unemployment and development: a two-sector analysis.1986Equilibrium Unemployment as a Worker Discipline Device 1982Labor Contracts as Partial Gift Exchange 1990The Fair Wage-Effort Hypothesis and Unemployment 1988Efficiency Wages and the Inter-Industry Wage Structure 1995Migration, Unemployment and Development: A Two-Sector Analysis 1965The Structure of Simple General Equilibrium Models 1979Another possible source of wage stickiness

Cited by

2006Fair wages, unemployment and technological change in a global economy 2005Testing alternative money theories : a G7 application 2007Some further evidence upon testing hysteresis in the Greek Phillips-type aggregate wage equation 2007Monetary and banking policy transmission through interest rates : an empirical application to the USA, Canada, U.K. and European Union 2007Consumer demand analysis of complementarities and substitutions in the Greek passenger transport market

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.