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Why Wages Don't Fall During a Recession

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Why Wages Don't Fall During a Recession - Bewley, Truman F
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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. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems that prevent labor markets from clearing.

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    • Title: Why Wages Don't Fall During a Recession by Truman F. Bewley
    • Publisher: Harvard University Press
    • Print ISBN: 9780674952416, 0674952413
    • eText ISBN: 9780674020900
    • Edition: 2000
    • Format: PDF eBook
    $47.00
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