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A Classical Model of Involuntary Unemployment: Efficiency Wages and Macroeconomic Policy

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  • Jullien, Bruno
  • Picard, Pierre

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 78 (1998)
Issue (Month): 2 (February)
Pages: 263-285

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Handle: RePEc:eee:jetheo:v:78:y:1998:i:2:p:263-285

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Web page: http://www.elsevier.com/locate/inca/622869

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References

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  1. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-44, June.
  2. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-70, November.
  3. N. Gregory Mankiw & Julio J. Rotemberg & Lawrence H. Summers, 1982. "Intertemporal Substitution in Macroeconomics," NBER Working Papers 0898, National Bureau of Economic Research, Inc.
  4. Kahn, Charles & Mookherjee, Dilip, 1988. "A Competitive Efficiency Wage Model with Keynesian Features," The Quarterly Journal of Economics, MIT Press, vol. 103(4), pages 609-45, November.
  5. Lucas, Robert E, Jr & Rapping, Leonard A, 1969. "Real Wages, Employment, and Inflation," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 721-54, Sept./Oct.
  6. Grandmont, Jean-michel, 1989. "Keynesian issues and economic theory," CEPREMAP Working Papers (Couverture Orange) 8907, CEPREMAP.
  7. Jeremy I. Bulow & Lawrence H. Summers, 1985. "A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment," NBER Working Papers 1666, National Bureau of Economic Research, Inc.
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Cited by:
  1. Peter Matthews, 2002. "The Paradox of Labor Discipline With Heterogenous Workers," Middlebury College Working Paper Series 0223, Middlebury College, Department of Economics.
  2. Bhattacharya, J. & Chankraborty, S., 2003. "What do Information Frictions Do?," Discussion Paper 2003-21, Tilburg University, Center for Economic Research.

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