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Wages and Unemployment in the Medium Run

Hideyuki Adachi and Yasuyuki Osumi

Chapter 2 in Studies in Medium-Run Macroeconomics:Growth, Fluctuations, Unemployment, Inequality and Policies, 2015, pp 37-67 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionUtilization of Capital and Production FunctionDecisions of Firms on Price, Employment, and InvestmentEquilibrium in the Goods MarketEquilibrium in the Labor MarketDetermination of Wages and Employment: The Case of Constant Capital Stock, Labor Force, and Technology LevelDynamic Analysis of the Medium-Run Equilibrium: A Case Allowing for Capital Accumulation, Population Growth, and Technological progressLong-Run Steady State and Natural Rate of UnemploymentConcluding RemarksAcknowledgmentAppendicesReferences

Keywords: Medium-Run; Growth; Unemployment; Inequality (search for similar items in EconPapers)
Date: 2015
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