Wages , labor segmentation and employment . Can full employment be achieved by lowering wages ?

  • OSCAR DE-JUAN
  • Published 2003

Abstract

For those who find a downward-sloping demand curve for labor acceptable, it seems obvious that a decrease in the real wage may bring the economy to full employment. But what is the rationale behind such a neoclassical hypothesis? If one takes seriously the idea that labor demand is a “derived demand”, a stable and negative relationship between wages and… (More)

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Cite this paper

@inproceedings{DEJUAN2003WagesL, title={Wages , labor segmentation and employment . Can full employment be achieved by lowering wages ?}, author={OSCAR DE-JUAN}, year={2003} }