Increasing Flexibility in Relative Labour Costs as a means of Reducing Unemployment: Do the Theoretical Foundations Exist

G. White

Working Papers from University of Ottawa, Department of Economics

Abstract: This paper a two-sector Sraffian pricing model with heterogeneous labour in conjunction with a Keynesian quantity system in order to investigate whether changes in relative employments of different types of labour can be systematically linked to changes in their relative costs. The paper employs a variant of standard choice of technique analysis for a number of numerical examples; with the focus on the change in technique and the accompanying change in relative employments as the relative costs of two labour types is varied.

Keywords: ECONOMIC THOUGHT; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: B22 E11 E12 (search for similar items in EconPapers)
Pages: 24 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ott:wpaper:9713e

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