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Wages and Unemployment in the Medium Run

In: Studies in Medium-Run Macroeconomics Growth, Fluctuations, Unemployment, Inequality and Policies

Author

Listed:
  • Hideyuki Adachi
  • Yasuyuki Osumi

Abstract

The following sections are included:IntroductionUtilization of Capital and Production FunctionDecisions of Firms on Price, Employment, and InvestmentEquilibrium in the Goods MarketEquilibrium in the Labor MarketDetermination of Wages and Employment: The Case of Constant Capital Stock, Labor Force, and Technology LevelDynamic Analysis of the Medium-Run Equilibrium: A Case Allowing for Capital Accumulation, Population Growth, and Technological progressLong-Run Steady State and Natural Rate of UnemploymentConcluding RemarksAcknowledgmentAppendicesReferences

Suggested Citation

  • Hideyuki Adachi & Yasuyuki Osumi, 2015. "Wages and Unemployment in the Medium Run," World Scientific Book Chapters, in: Hideyuki Adachi & Tamotsu Nakamura & Yasuyuki Osumi (ed.), Studies in Medium-Run Macroeconomics Growth, Fluctuations, Unemployment, Inequality and Policies, chapter 2, pages 37-67, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814619585_0002
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