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 sup… Mehr…
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, Truman Bewley explored the puzzle by interviewing?during the recession of the early 1990s?over three hundred business executives and labor 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 labor markets from clearing. Books, [PU: Harvard University Press]<
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Paperback, [PU: HARVARD UNIVERSITY PRESS], A question in economics is why, unlike other prices, wages and salaries don't fall during recessions? The author explored the puzzle by intervie… Mehr…
Paperback, [PU: HARVARD UNIVERSITY PRESS], A question in economics is why, unlike other prices, wages and salaries don't fall during recessions? 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., Labour Economics, Labour Economics<
[EAN: 9780674009431], Gebraucht, [PU: Harvard University Press], Jacket, Acceptable/Fair condition. Book is worn, but the pages are complete, and the text is legible. Has wear to binding … Mehr…
[EAN: 9780674009431], Gebraucht, [PU: Harvard University Press], Jacket, Acceptable/Fair condition. Book is worn, but the pages are complete, and the text is legible. Has wear to binding and pages, may be ex-library., Books<
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(*) Derzeit vergriffen bedeutet, dass dieser Titel momentan auf keiner der angeschlossenen Plattform verfügbar ist.
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 sup… Mehr…
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, Truman Bewley explored the puzzle by interviewing?during the recession of the early 1990s?over three hundred business executives and labor 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 labor markets from clearing. Books, [PU: Harvard University Press]<
Paperback, [PU: HARVARD UNIVERSITY PRESS], A question in economics is why, unlike other prices, wages and salaries don't fall during recessions? The author explored the puzzle by intervie… Mehr…
Paperback, [PU: HARVARD UNIVERSITY PRESS], A question in economics is why, unlike other prices, wages and salaries don't fall during recessions? 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., Labour Economics, Labour Economics<
[EAN: 9780674009431], Gebraucht, [PU: Harvard University Press], Jacket, Acceptable/Fair condition. Book is worn, but the pages are complete, and the text is legible. Has wear to binding … Mehr…
[EAN: 9780674009431], Gebraucht, [PU: Harvard University Press], Jacket, Acceptable/Fair condition. Book is worn, but the pages are complete, and the text is legible. Has wear to binding and pages, may be ex-library., Books<
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A deep question in economics is why wages and salaries don't fall during recessions. Although economists have posited many theories to account for wage rigidity, none is satisfactory. During the recession of the early 1990s, Truman Bewley explored the puzzle by interviewing over three hundred business executives and labor leaders as well as professional recruiters and advisors to the unemployed. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labor markets from clearing. "Truman Bewley is one of the leading mathematical economists of his generation ... He reports the results of more than three hundred interviews ... [that] produce a clear answer to the conundrum with which he started; and in the process also provide a number of important lessons about economics and human motivation." -New Republic
Detailangaben zum Buch - Why Wages Don't Fall During a Recession
Buch in der Datenbank seit 2007-10-18T16:45:49+02:00 (Vienna) Detailseite zuletzt geändert am 2023-04-04T14:10:08+02:00 (Vienna) ISBN/EAN: 0674009436
ISBN - alternative Schreibweisen: 0-674-00943-6, 978-0-674-00943-1 Alternative Schreibweisen und verwandte Suchbegriffe: Autor des Buches: during, bewley Titel des Buches: wage, fall
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