Real Wage Resistance and Unemployment

@inproceedings{Tyrvinen1995RealWR,
  title={Real Wage Resistance and Unemployment},
  author={Timo Tyrv{\"a}inen},
  year={1995}
}
Over the past twenty years or so, unemployment has been increasing in most OECD economies. In the same period, there has been a considerable increase in the wedge between the real cost to the employer of hiring a worker and the net real wage received by the worker. The present study examines whether changes in the wedge (including various tax rates) may have generated long-lasting effects on real labour costs. Behaviour which generates this kind of outcome is called "real wage resistance". If… CONTINUE READING

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