Fluctuations and rigidities in local labor markets, part 1: theory and evidence
Cyclical sensitivity in employment, wages, and hours worked are explored with reference to three industries and eleven US cities over the period 1972 - 1980. Conventional neoclassical discrete-exchange models of the labor market are shown to be inadequate because of marked rigidities in the patterns...
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| Format: | Journal article |
| Language: | English |
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Pion Ltd.
1983
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