De la rigueur salariale ou existe-t-il un salaire réel 'optimal' ?

Patrick Artus

Annals of Economics and Statistics, 1989, issue 13, 77-91

Abstract: A theoretical model of the behavior of firms and employees focusing on demand expectations and profitability is built. This model is based on the existence of uncertainty concerning the level of future demand, and generalizes existing work on that subject by explaining consistenly prices, production capacity, demand expectations and foreign trade. lt is shown that under certain hypotheses, a level of real wage that maximises capacity or expected employment exists; for lower real wages, the effects of profitability dominate those of demand, the opposite being true for higher real wages.

Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.jstor.org/stable/20075730 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1989:i:13:p:77-91

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().