Saturday , December 15 2018
Home / Post-Keynesian / Structural Economic Dynamics, Markups, Real Wicksell Effects, and the Reverse Substitution of Labor

Structural Economic Dynamics, Markups, Real Wicksell Effects, and the Reverse Substitution of Labor

Summary:
I have made available a working paper with the post title. Abstract: This article presents an example in which perturbations in relative markups and technical progress result in variations in characteristics of the labor market. Around a switch point with a positive real Wicksell effect, a higher wage is associated with firms wanting to employ more labor per unit output of net product. Around a switch point with a reverse substitution of labor, firms in a particular industry want to hire more labor per unit output of gross product. Technical progress and variations in markups can bring about and take away circumstances favorable for workers wanting to press claims for higher wages.

Topics:
Robert Vienneau considers the following as important:

This could be interesting, too:

Robert Skidelsky's Website writes Robert Skidelsky's Website 1970-01-01 00:00:00

Michael writes FT: Wiping the slate clean: is it time to reconsider debt forgiveness?

Lars Pålsson Syll writes Rom i regnet

Lars Pålsson Syll writes Preskriberade romanser

I have made available a working paper with the post title.

Abstract: This article presents an example in which perturbations in relative markups and technical progress result in variations in characteristics of the labor market. Around a switch point with a positive real Wicksell effect, a higher wage is associated with firms wanting to employ more labor per unit output of net product. Around a switch point with a reverse substitution of labor, firms in a particular industry want to hire more labor per unit output of gross product. Technical progress and variations in markups can bring about and take away circumstances favorable for workers wanting to press claims for higher wages.

Leave a Reply

Your email address will not be published. Required fields are marked *