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The Rigidity of Wages and the Persistence of Unemployment

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  • Robert E. Hall

    (Massachusetts Institute of Technology)

Abstract

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Suggested Citation

  • Robert E. Hall, 1975. "The Rigidity of Wages and the Persistence of Unemployment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 6(2), pages 301-350.
  • Handle: RePEc:bin:bpeajo:v:6:y:1975:i:1975-2:p:301-350
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    File URL: https://www.brookings.edu/wp-content/uploads/1975/06/1975b_bpea_hall_sims_solow_gordon.pdf
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    Cited by:

    1. Riveros, Luis A. & Bouton, Lawrence, 1991. "Efficiency wage theory, labormarkets, and adjustment," Policy Research Working Paper Series 731, The World Bank.
    2. Bulow, Jeremy I & Summers, Lawrence H, 1986. "A Theory of Dual Labor Markets with Application to Industrial Policy,Discrimination, and Keynesian Unemployment," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 376-414, July.
    3. Kim B. Clark & Lawrence H. Summers, 1982. "Labour Force Participation: Timing and Persistence," Review of Economic Studies, Oxford University Press, vol. 49(5), pages 825-844.
    4. Bozani, Vasiliki & Drydakis, Nick, 2011. "Studying the NAIRU and its Implications," IZA Discussion Papers 6079, Institute for the Study of Labor (IZA).
    5. Suleman Moosa, 1982. "Money, Inflation, and the Monetarist Explanation: Evidence from the Postwar U.S. Experience," Eastern Economic Journal, Eastern Economic Association, vol. 8(2), pages 101-119, Apr-Jun.
    6. Thomas J. Sargent & Christopher A. Sims, 1977. "Business cycle modeling without pretending to have too much a priori economic theory," Working Papers 55, Federal Reserve Bank of Minneapolis.
    7. Michael P. Keane, 1990. "Sectoral shift theories of unemployment: evidence from panel data," Discussion Paper / Institute for Empirical Macroeconomics 28, Federal Reserve Bank of Minneapolis.
    8. Joseph E. Stiglitz, 1984. "Theories of Wage Rigidity," NBER Working Papers 1442, National Bureau of Economic Research, Inc.
    9. repec:eee:labchp:v:3:y:1999:i:pb:p:2291-2372 is not listed on IDEAS
    10. Gordon, Robert J, 1977. "The Theory of Domestic Inflation," American Economic Review, American Economic Association, vol. 67(1), pages 128-134, February.
    11. repec:eee:labchp:v:2:y:1986:i:c:p:921-999 is not listed on IDEAS
    12. Johannes Hörner & L. Rachel Ngai & Claudia Olivetti, 2007. "Public Enterprises And Labor Market Performance," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(2), pages 363-384, May.
    13. Alan B. Krueger & Lawrence H. Summers, 1986. "Efficiency Wages and the Wage Structure," NBER Working Papers 1952, National Bureau of Economic Research, Inc.
    14. Preston J. Miller & Arthur J. Rolnick, 1979. "The CBO's policy analysis: an unquestionable misuse of a questionable theory," Staff Report 49, Federal Reserve Bank of Minneapolis.
    15. Michael P. Keane, 1993. "Individual Heterogeneity and Interindustry Wage Differentials," Journal of Human Resources, University of Wisconsin Press, vol. 28(1), pages 134-161.
    16. Bierens, H.J. & Broersma, L., 1990. "The relation between unemployment and interest rate : some empirical evidence," Serie Research Memoranda 0078, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    17. Vuyo Pikoko & Andrew Phiri, 2018. "Is there hysteresis in South African unemployment? Evidence form the post-recessionary period," Working Papers 1803, Department of Economics, Nelson Mandela University, revised Jan 2018.
    18. Stephen R. G. Jones & Craig Riddell, 2000. "The Dynamics of US Labor Force Attachment," Econometric Society World Congress 2000 Contributed Papers 0011, Econometric Society.
    19. Hall, Robert E & Lilien, David M, 1979. "Efficient Wage Bargains under Uncertain Supply and Demand," American Economic Review, American Economic Association, vol. 69(5), pages 868-879, December.
    20. Peter N. Ireland, 1995. "Customer flows, countercyclical markups, and the persistent effects of monetary shocks," Working Paper 95-04, Federal Reserve Bank of Richmond.
    21. repec:eee:labchp:v:2:y:1986:i:c:p:1001-1035 is not listed on IDEAS
    22. Laurence Weiss, 1979. "Information Aggregation and Policy," Cowles Foundation Discussion Papers 528, Cowles Foundation for Research in Economics, Yale University.
    23. Simona MARINESCU & Cezar Radu COJOCARIU, 2013. "The Global Financial Crisis Discloses Dysfunctional Distribution of Income in Developed Economies. Where Do Central and Eastern Europe Stand?," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(3), pages 500-505, July.

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    Keywords

    macroeconomics; wages; unemployment;

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