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Variable labor effort, involuntary unemployment, and effective demand

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  • Mason, Patrick L.

Abstract

The paper theoretically examines the relationship between variable labor effort (also labeled efficiency wages), effective demand, and involuntary unemployment.

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File URL: http://mpra.ub.uni-muenchen.de/11331/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11331.

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Date of creation: 1993
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Publication status: Published in Journal of Post Keynesian Economics 3.15(1993): pp. 427-442
Handle: RePEc:pra:mprapa:11331

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Web page: http://mpra.ub.uni-muenchen.de
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Related research

Keywords: efficiency wage; variable labor effort; contest exchange; labor power; Post Keynesian; effective demand; unemployment;

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References

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  1. Patrick Mason, 1992. "The divide-and-conquer and employer/ employee models of discrimination: Neoclassical competition as a familial defect," The Review of Black Political Economy, Springer, Springer, vol. 20(4), pages 73-89, June.
  2. Lawrence F. Katz, 1986. "Efficiency Wage Theories: A Partial Evaluation," NBER Working Papers 1906, National Bureau of Economic Research, Inc.
  3. Heckman, James J & Sedlacek, Guilherme L, 1990. "Self-selection and the Distribution of Hourly Wages," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 8(1), pages S329-63, January.
  4. William T. Dickens & Lawrence F. Katz, 1986. "Interindustry Wage Differences and Industry Characteristics," NBER Working Papers 2014, National Bureau of Economic Research, Inc.
  5. Alan B. Krueger & Lawrence H. Summers, 1986. "Reflections on the Inter-Industry Wage Structure," NBER Working Papers 1968, National Bureau of Economic Research, Inc.
  6. Stiglitz, Joseph E, 1987. "The Causes and Consequences of the Dependence of Quality on Price," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 1-48, March.
  7. Levine, David I., 1991. "You Get What You Pay For: Tests of Efficency Wage Theories in the United States and Japan," Institute for Research on Labor and Employment, Working Paper Series, Institute of Industrial Relations, UC Berkeley qt9t02v034, Institute of Industrial Relations, UC Berkeley.
  8. Gordon, David M, 1990. "Who Bosses Whom? The Intensity of Supervision and the Discipline of Labor," American Economic Review, American Economic Association, American Economic Association, vol. 80(2), pages 28-32, May.
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