A deep question in economics is why wages and salaries don't fall during recessions. this is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. eschewing "top-down" theorizing, the author explored the puzzle by interviewing - during the recession of the early 1990s - over 300 business executives and labour leaders as well as professional recruiters and advisors to the unemployed. ...
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A deep question in economics is why wages and salaries don't fall during recessions. this is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. eschewing "top-down" theorizing, the author explored the puzzle by interviewing - during the recession of the early 1990s - over 300 business executives and labour leaders as well as professional recruiters and advisors to the unemployed. By taking this approach, gaining the confidence of his interlocutors and asking them detailed questions in a nonstructured way, he was able to uncover empirically the circumstances that give rise to wage rigidity. He found that the executives were averse to cutting wages of either current employees or new hires, even during the economic downturn when demand for their products fell sharply. They believed that cutting wages would hurt morale, which they felt was critical in gaining the cooperation of their employees, and in convincing them to internalize the managers' objectives for the company. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labour markets from clearing.
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Add this copy of Why Wages Don't Fall During a Recession to cart. $32.00, very good condition, Sold by JDH Lawton OK rated 5.0 out of 5 stars, ships from LAWTON, OK, UNITED STATES, published 2000 by Harvard University Press.
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Very good in very good dust jacket. Ex-library. Sewn binding. Cloth over boards. 527 p. Contains: Illustrations. Audience: General/trade. LCCN 99016443 Type of material Book Personal name Bewley, Truman F. (Truman Fassett), 1941-Main title Why wages don't fall during a recession / Truman F. Bewley. Published/Created Cambridge, Mass. : Harvard University Press, 1999. Description viii, 527 p. : ill.; 25 cm. ISBN 0674952413 LC classification HD4909. B48 1999 Variant title Why wages do not fall during a recession Subjects Wages. Recessions. Labor supply. Notes Includes bibliographical references (p. [477]-524) and index. Dewey class no. 331.2/1
Add this copy of Why Wages Don't Fall During a Recession to cart. $46.52, very good condition, Sold by HPB-Emerald rated 4.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 1999 by Harvard University Press.
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Add this copy of Why Wages Don't Fall During a Recession to cart. $91.97, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 1999 by Harvard University Press.
