Multimarket classification of unemployment

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Scope:: Kopie des Typoskripts, 7 Blätter sowie Titelblatt, Kopie (2 Seiten auf 1 Blatt, beidseitig kopiert) paginiert 1-21

Description:: Using a simple two sector vintage model, the paper demonstrates an inherent logical weakness of the proposed distinction between "Classical" and "Keynesian" unemployment. Without violation the usual marginal rules of profit maximization, the paper shows how Classical and Keynesian unemployment can alternate at different real wage rates so that characterization of unemployment in terms of 'high' or 'low' real wage becomes meaningless. (Auszug, S.1)

Note:: Preprint des Papers mit handschriftlichen Korrekturen des Verfassers, präsentiert im Rahmen der 3rd International Summer School of Economics von 21.-31. August 1983 des Centres for Advanced Economic Studies in Triest (Centro di Studi Economici Avanzati - Area per la Ricerca Scientifica e Tecnologica nella Provincia di Trieste) und an der anschließenden Konferenz von 1.-3. September 1983 - Conference on the Dynamics of Employment and Technology - Theories and Policies - an der Universität Udine. Preprint auch erschienen als Working Paper in der Serie Documentos de Trabajo 1983, No.1., des Collegio de Mexico, El Centro de Estudios Economicos.

Related work:: Bhaduri, Amit : Multimarket Classification of Unemployment. A Sceptical Note. In: Cambridge Journal of Economics, vol. 7, Issue 3-4, September 1983, S. 235-41

JEL Classification:: J64 [Unemployment: Models, Duration, Incidence, and Job Search]