Unemployment

John Hicks

Chapter Chapter III in The Theory of Wages, 1963, pp 42-57 from Palgrave Macmillan

Abstract: Abstract On the threshold of a more extended study of the competitive labour market must stand the problem of unemployment. What is the effect of unemployment on wages? How is it possible to reconcile the fact of unemployment with the simultaneous existence of rising wages? These are not the only new questions raised by the fact that the labour market of actuality is not in a state of equilibrium; but they are the most obvious questions, and we may conveniently begin by examining them.

Keywords: Labour Market; High Wage; Lower Wage; Regular Employment; Building Operation (search for similar items in EconPapers)
Date: 1963
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DOI: 10.1007/978-1-349-00189-7_3

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