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Fairness as a source of hysteresis in employment and relative wages

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Skott, Peter

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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 57 (2005)
Issue (Month): 3 (July)
Pages: 305-331
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Handle: RePEc:eee:jeborg:v:57:y:2005:i:3:p:305-331

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Ernst Fehr & Simon Gaechter, . "Fairness and Retaliation: The Economics of Reciprocitys," IEW - Working Papers iewwp040, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    Other versions:
  2. Shafir, Eldar & Diamond, Peter & Tversky, Amos, 1997. "Money Illusion," The Quarterly Journal of Economics, MIT Press, vol. 112(2), pages 341-74, May.
  3. Daly, Mary C. & Buchel, Felix & Duncan, Greg J., 2000. "Premiums and penalties for surplus and deficit education: Evidence from the United States and Germany," Economics of Education Review, Elsevier, vol. 19(2), pages 169-178, April. [Downloadable!] (restricted)
  4. Paul Auerbach & Peter Skott, . "Skill Asymmetries, Increasing Wage Inequality and Unemployment," Economics Working Papers 2000-18, School of Economics and Management, University of Aarhus. [Downloadable!]
  5. David R. Howell, 2002. "Increasing Earnings Inequality and Unemployment in Developed Countries: Markets, Institutions and the "Unified Theory"," SCEPA Working Papers 2002-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School. [Downloadable!]
  6. Matthew Rabin, 1998. "Psychology and Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 11-46, March. [Downloadable!] (restricted)
  7. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1991. "The Endowment Effect, Loss Aversion, and Status Quo Bias: Anomalies," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 193-206, Winter. [Downloadable!] (restricted)
  8. George A. Akerlof & William R. Dickens & George L. Perry, 1996. "The Macroeconomics of Low Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(1996-1), pages 1-76. [Downloadable!]
  9. A.B. Atkinson, 1998. "The distribution of income in industrialized countries," Proceedings, Federal Reserve Bank of Kansas City, pages 11-32. [Downloadable!]
  10. Akerlof, George A & Yellen, Janet L, 1990. "The Fair Wage-Effort Hypothesis and Unemployment," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 255-83, May. [Downloadable!] (restricted)
  11. Hersch, Joni, 1991. "Education Match and Job Match," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 140-44, February. [Downloadable!] (restricted)
  12. Skott, Peter, . "Distributional consequences of neutral shocks to economic activity in a model with efficiency wages and overeducation," Economics Working Papers 2003-5, School of Economics and Management, University of Aarhus. [Downloadable!]
  13. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July. [Downloadable!] (restricted)
  14. Bewley, Truman F., 1998. "Why not cut pay?," European Economic Review, Elsevier, vol. 42(3-5), pages 459-490, May. [Downloadable!] (restricted)
  15. Gordon, Robert J, 1996. "The Time-varying NAIRU and its Implications for Economic Policy," CEPR Discussion Papers 1492, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  16. Skott, P., 1990. "Efficiency Wages, Mark-Up Pricing And Effective Demand," Papers 9026, Tilburg - Center for Economic Research.
  17. Peter Skott, . "Wage Formation and the (Non-)Existence of the NAIRU," Economics Working Papers 1998-16, School of Economics and Management, University of Aarhus. [Downloadable!]
  18. Laurence Ball & Robert Moffitt, 2001. "Productivity Growth and the Phillips Curve," NBER Working Papers 8421, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  19. Blanchard, Olivier & Katz, Lawrence F, 1997. "What We Know and Do Not Know about the Natural Rate of Unemployment," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 51-72, Winter. [Downloadable!] (restricted)
    Other versions:
  20. Edward N. Wolff, 1998. "Technology and the Demand for Skills," Macroeconomics 9810004, EconWPA. [Downloadable!]
  21. Grubb, David B, 1986. "Topics in the OECD Phillips Curve," Economic Journal, Royal Economic Society, vol. 96(381), pages 55-79, March. [Downloadable!] (restricted)
  22. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard, 1986. "Fairness as a Constraint on Profit Seeking: Entitlements in the Market," American Economic Review, American Economic Association, vol. 76(4), pages 728-41, September. [Downloadable!] (restricted)
  23. Akerlof, George A, 1980. "A Theory of Social Custom, of Which Unemployment May be One Consequence," The Quarterly Journal of Economics, MIT Press, vol. 94(4), pages 749-75, June. [Downloadable!] (restricted)
    Other versions:
  24. F Green & Steven McIntosh & Anna Vignoles, 1999. "Overeducation and Skills - Clarifying the Concepts," CEP Discussion Papers dp0435, Centre for Economic Performance, LSE.
  25. Sicherman, Nachum, 1991. ""Overeducation" in the Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 9(2), pages 101-22, April. [Downloadable!] (restricted)
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  26. Grubb, David B & Jackman, Richard A & Layard, Richard G, 1982. "Causes of the Current Stagflation," Review of Economic Studies, Blackwell Publishing, vol. 49(5), pages 707-30, Special I. [Downloadable!] (restricted)
  27. Palley, Thomas I., 1994. "The fair wage-effort hypothesis: Implications for the distribution of income and dual labor markets," Journal of Economic Behavior & Organization, Elsevier, vol. 24(2), pages 195-205, July. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Peter Skott, 2008. "Theoretical and empirical shortcomings of the Kaleckian investment function," Working Papers 2008-11, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
  2. Peter Skott & Frederick Guy, 2005. "Power-Biased Technological Change and the Rise in Earnings Inequality," Working Papers 2005-17, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
    Other versions:
  3. Peter Skott, 2005. "Wage inequality and overeducation in a model with efficiency wages," Working Papers 2005-06, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
    Other versions:
  4. Amitava K. Dutt & Peter Skott, 2005. "Keynesian Theory and the AD-AS Framework: A Reconsideration," Working Papers 2005-11, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
  5. Holler, Manfred & Skott, Peter, . "The importance of setting the agenda," Economics Working Papers 2003-8, School of Economics and Management, University of Aarhus. [Downloadable!]
  6. Peter Skott & Takeshi Nakatani, 2006. "Japanese growth and stagnation: a Keynesian perspective," Working Papers 2006-04, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
    Other versions:
  7. Jensen, Kraen Blume & Ejrnaes, Mette & Nielsen, Helena Skyt & Würtz, Allan, . "Self-Employment among Immigrants: A Last Resort?," Economics Working Papers 2003-13, School of Economics and Management, University of Aarhus. [Downloadable!]
    Other versions:
  8. Soon Ryoo & Peter Skott, 2008. "Financialization in Kaleckian economies with and without labor constraints," Working Papers 2008-05, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
    Other versions:
  9. Goergens, Tue & Paldam, Martin & Würtz, Allan, . "How does Public Regulation affect Growth?," Economics Working Papers 2003-14, School of Economics and Management, University of Aarhus. [Downloadable!]
  10. Frederick Guy & Peter Skott, 2007. "Information and communications technologies,coordination and control, and the distribution of income," Working Papers 2007-11, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
  11. John D. Burger & Stephen J.K. Walters, 2006. "Testing Fair Wage Theory," Working Papers 0623, International Association of Sports Economists. [Downloadable!]
  12. Peter Skott, 2008. "Growth, instability and cycles: Harrodian and Kaleckian models of accumulation and income distribution," Working Papers 2008-12, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
  13. Peter Skott & Paul Auerbach, 2004. "Wage inequality and skill asymmetries," Working Papers 2004-03, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
  14. Peter Skott & Soon Ryoo, 2007. "Macroeconomic implications of financialization," Working Papers 2007-08, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
    Other versions:
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