[PDF.66ez] Why Wages Don't Fall During a Recession

Why Wages Don't Fall During a Recession

[PDF.bx87] Why Wages Don't Fall During a Recession

Why Wages Don't Fall  Truman F. Bewley epub
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 | #2967006 in Books |  1999 | Original language:English | PDF # 1 |  1.71 x6.77 x9.69l,.2 | File type: PDF | 544 pages

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||13 of 13 people found the following review helpful.| Economic theorist turns anthropologist with great results|By Garett Jones|Every business cycle researcher should read this book. Truman Bewley, a leading economic theorist, had spent years theorizing about why businesses didn't cut wages when times got worse. After all, when workers are in a bad situation, why not take advantage of them? Then, Bewley did something that econ| |In Why Wages Don't Fall During A Recession, [Truman Bewley] tackles one of the oldest, and most controversial, puzzles in economics: why nominal wages rarely fall (and real wages do not fall enough) when unemployment is high. But he does so in a nov

A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business executives and labor le...

You can specify the type of files you want, for your gadget.Why Wages Don't Fall During a Recession   |  Truman F. Bewley. Just read it with an open mind because none of us really know.

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