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Journal article

Fluctuations and rigidities in local labor markets, part 1: theory and evidence

Abstract:

Cyclical sensitivity in employment, wages, and hours worked are explored with reference to three industries and eleven US cities over the period 1972 - 1980. Conventional neoclassical discrete-exchange models of the labor market are shown to be inadequate because of marked rigidities in the patterns of short-run adjustment. Money wages are very stable, being dominated by a long-run trend, and firms tend to adjust hours worked and only then employment in the short run. There are, however, sign...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1068/a150165

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Geography
Research group:
Transformations: Economy, Society and Place
Oxford college:
St Peter's College
Role:
Author
Publisher:
Pion Ltd. Publisher's website
Journal:
Environment and Planning A
Volume:
15
Issue:
2
Pages:
165-185
Publication date:
1983-01-01
DOI:
EISSN:
1472-3409
ISSN:
0308-518X
Language:
English
Keywords:
Subjects:
UUID:
uuid:59beb9c5-d2fc-456f-ace6-fa805fb3b27e
Local pid:
ora:1964
Deposit date:
2008-05-20

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