9780674009431
Why Wages Don't Fall During a Recession
Truman F. Bewley
ISBN 13: 9780674009431
Publisher: Harvard Univ Pr
Publication Date: 2002
Binding: Softcover
Your Satisfaction is Guaranteed:
"Bewley mounts a passionate challenge to conventional economic methods and accounts, and he provides a great deal of real-world support for what behavioral economists have been urging."
Cass R. Sunstein, New Republic, 07/07/2000
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Why Wages Don't Fall during a Recession Format: Paperback (ISBN: 0674009436 / 0-674-00943-6) Bewley, Truman F. Quantity Available: > 20
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Whe Wages Don't Fall During a Recession (ISBN: 0674009436 / 0-674-00943-6) Bewley, Truman F. Quantity Available: 10
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Why Wages Don't Fall During a Recession (ISBN: 9780674009431) Bewley, Truman F. Quantity Available: > 20
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Why Wages Don't Fall During a Recession (ISBN: 9780674009431) Bewley, Truman F. Quantity Available: > 20
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Why Wages Don't Fall During a Recession (Paperback) (ISBN: 9780674009431) Bewley, Truman F. Quantity Available: 10
Book Description: HARVARD UNIVERSITY PRESS, United States, 2002. Paperback. Book Condition: New. 230 x 154 mm. Brand New Book with Free Worldwide Delivery ***** Print on Demand *****. 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, 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 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 labour markets from clearing. Bookseller Inventory # APC9780674009431 Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question |
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Why Wages Don't Fall During a Recession (ISBN: 9780674009431) Bewley, Truman F. Quantity Available: > 20
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Why Wages Don't Fall During a Recession (ISBN: 9780674009431) Bewley, Truman F. Quantity Available: > 20
Book Description: Harvard University Press. Paperback. Book Condition: new. BRAND NEW PRINT ON DEMAND., Why Wages Don't Fall During a Recession, Truman F. Bewley, 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, 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 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 labour markets from clearing. Bookseller Inventory # B9780674009431 Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question |
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Why Wages Don't Fall During a Recession (ISBN: 0674009436 / 0-674-00943-6) Bewley, Truman F. Quantity Available: 1
Book Description: Harvard University Press, 2012. Paperback. Book Condition: New. 9.04 by 6 inches. (00544 pages) This item is printed on demand. Please allow up to 10 days extra for printing & delivery. {Publisher's Publication Date = 2002-09-02 00:00:00} [ships from USA takes 8-14 days to Europe] illustrated Lang=English accessory:NO ACCESSORY (Paperback ). Bookseller Inventory # AF0674009436 Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question |
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Why Wages Don't Fall During a Recession (ISBN: 0674009436 / 0-674-00943-6) Bewley, Truman F. Quantity Available: 1
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Why Wages Don't Fall during a Recession (ISBN: 0674009436 / 0-674-00943-6) Bewley, Truman F. Quantity Available: 1
Book Description: Harvard University Press, 2002. Paperback. Book Condition: Brand New. 544 pages. 9.00x6.25x1.25 inches. In Stock. Bookseller Inventory # zk0674009436 Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question |
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