Involuntary Unemployment and Income Feedback Effects

Laurence Lasselle and Serge Svizzero

CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: We study the link between involuntary unemployment and income feedback effects in a model with an imperfect product market. We provide a condition based on the demand such that full employment prevails when income feedback effects are neglected, while involuntary unemployment appears when they are integrated.

JEL-codes: D43 (search for similar items in EconPapers)
Date: 1998-10
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Working Paper: Involuntary Unemployment and Income Feedback Effects (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:san:crieff:9823

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