Why Wages Don't Fall during a Recession

Truman F. Bewley

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Product Details

PAPERBACK

$43.50 • £34.95 • €39.00

ISBN 9780674009431

Publication Date: 09/30/2002

Short

544 pages

24 line illustrations, 104 tables

World

Related Subjects

BUSINESS & ECONOMICS: Development: Business Development

Acknowledgments
1. Introduction
2. Methods
3. Time and Location
4. Morale
5. Company Risk Aversion
6. Internal Pay Structure
7. External Pay Structure
8. The Shirking Theory
9. The Pay of New Hires in the Primary Sector
10. Raises
11. Resistance to Pay Reduction
12. Experiences with Pay Reduction
13. Layoffs
14. Severance Benefits
15. Hiring
16. Voluntary Turnover
17. The Secondary Sector
18. The Unemployed
19. Information, Wage Rigidity, and Labor Negotiations
20. Existing Theories
21. Remarks on Theory
22. Whereto from Here?
Notes
References
Index

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