L'effetto dei mutamenti del salario in uno stato di sottoccupazione keynesiana con razionamento stocastico

Translated title of the contribution: [Autom. eng. transl.] The effect of wage changes in a Keynesian state of underemployment with stochastic rationing

Gerd Hellmut Weinrich

Research output: Contribution to journalArticlepeer-review

Abstract

[Autom. eng. transl.] The question of whether an increase in wages decreases (due to substitution effects) or increases (due to demand) to employment is the subject of controversy in the economic debate. The present article shows that, if in the Malinvaud model (1977) the deterministic rationing is replaced by a stochastic, the substitution effect prevails, contrary to what was obtained by Malinvaud, even if the level of goods transactions increases.
Translated title of the contribution[Autom. eng. transl.] The effect of wage changes in a Keynesian state of underemployment with stochastic rationing
Original languageItalian
Pages (from-to)531-546
Number of pages16
JournalGIORNALE DEGLI ECONOMISTI E ANNALI DI ECONOMIA
Volume1984
Publication statusPublished - 1984

Keywords

  • mutamenti del salario
  • razionamento stocastico
  • sottoccupazione keynesiana

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