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STATISTICAL EQUILIBRIUM IN A SIMPLE LABOR MARKET (1996)

Foley, Duncan K.

Oxford, UK : Blackwell Publishing Ltd

Metroeconomica 47 (1996), S. 0

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ISSN: 1467-999X

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: A simple model of the labor market is analyzed using the concept of statistical equilibrium. Involuntary unemployment is revealed to be an equilibrium phenomenon in this approach. The consequences of wage subsidies depend critically on whether they are paid to workers or to employers.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1467-999X.1996.tb00792.x

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