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Why Wages Don't Fall during a Recession
Truman F. Bewley
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Why Wages Don't Fall during a Recession
Truman F. Bewley
A deep question in economics is why wages and salaries don’t fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Bewley’s findings contradict most theories of wage rigidity and provide fascinating insights into the problems that prevent labor markets from clearing.
544 pages, 24 line illustrations, 104 tables
| Media | Books Paperback Book (Book with soft cover and glued back) |
| Released | September 30, 2002 |
| ISBN13 | 9780674009431 |
| Publishers | Harvard University Press |
| Pages | 544 |
| Dimensions | 153 × 230 × 34 mm · 752 g |
| Language | English |
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