- 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


Why Wages Don't Fall during a Recession
Product Details
PAPERBACK
$46.00 • £40.95 • €41.95
ISBN 9780674009431
Publication Date: 09/30/2002