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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Bibliographic Details
- 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
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:59beb9c5-d2fc-456f-ace6-fa805fb3b27e
- Local pid:
- ora:1964
- Deposit date:
- 2008-05-20
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Terms of use
- Copyright holder:
- Pion Ltd
- Copyright date:
- 1983
- Notes:
- The full-text of this article is not available in ORA. Citation: Clark, G. L. (1983). 'Fluctuations and rigidities in local labor markets, part 1: theory and evidence', Environment and Planning A, 15(2), 165-185. [Available at http://www.envplan.com/A.html].
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