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Variable labor effort, involuntary unemployment, and effective demand

Mason, Patrick L. (1993): Variable labor effort, involuntary unemployment, and effective demand. Published in: Journal of Post Keynesian Economics , Vol. 15, No. 3 (1993): pp. 427-442.

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Abstract

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

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