Sunday , November 18 2018
Home / Post-Keynesian / Structural Economic Dynamics, Real Wicksell Effects, and the Reverse Substitution of Labor

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

Summary:
I have uploaded another working paper: This article presents an example in which technical progress results in variations in the labor market. Around a switch point with a positive real Wicksell effect, a higher wage is associated with firms wanting to employer 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 can bring about and take away circumstances favorable for workers wanting to press claims for higher wages. My research approach can generate fluke switch points. I have decided that such flukes are more interesting when placed in a story about the perturbation of parameters.

Topics:
Robert Vienneau considers the following as important: ,

This could be interesting, too:

Robert Vienneau writes Pattern Analysis for a Fixed Capital Example

Robert Vienneau writes A Linear Program for Markup Pricing

Robert Vienneau writes Extending An Example With Markup Pricing

Robert Vienneau writes A Visualization of the Choice of Technique

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

I have uploaded another working paper:

This article presents an example in which technical progress results in variations in the labor market. Around a switch point with a positive real Wicksell effect, a higher wage is associated with firms wanting to employer 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 can bring about and take away circumstances favorable for workers wanting to press claims for higher wages.

My research approach can generate fluke switch points. I have decided that such flukes are more interesting when placed in a story about the perturbation of parameters.

Leave a Reply

Your email address will not be published.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