Variable labor effort, involuntary unemployment, and effective demand

Patrick Mason

MPRA Paper from University Library of Munich, Germany

Abstract: The paper theoretically examines the relationship between variable labor effort (also labeled efficiency wages), effective demand, and involuntary unemployment.

Keywords: efficiency wage; variable labor effort; contest exchange; labor power; Post Keynesian; effective demand; unemployment (search for similar items in EconPapers)
JEL-codes: E12 E24 J41 (search for similar items in EconPapers)
Date: 1993
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Published in Journal of Post Keynesian Economics 3.15(1993): pp. 427-442

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11331

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