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.

Abstract

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

• Item Type: MPRA Paper
• Language: English
• Keywords: efficiency wage; variable labor effort; contest exchange; labor power; Post Keynesian; effective demand; unemployment
• Subjects: E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes ; Keynesian ; Post-Keynesian; J - Labor and Demographic Economics > J4 - Particular Labor Markets > J41 - Labor Contracts; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity

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