Journal article
Fluctuations and rigidities in local labor markets, part II: reinterpreting contract theory
- Abstract:
-
Local labor markets are characterized by rigidities in their patterns of adjustment to short-run fluctuations. With or without unions, fluctuations in employment, hours worked, and money wages are unlike the patterns predicted by conventional discrete-exchange labor-market theories. Moreover there are distinct geographical and industrial patterns in the observed rigidities. Neoclassical implicit contract theory has been vindicated. Or has it? Obvious empirical difficulties remain, especially ...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Authors
Bibliographic Details
- Publisher:
- Pion Ltd. Publisher's website
- Journal:
- Environment and Planning A Journal website
- Volume:
- 15
- Issue:
- 3
- Pages:
- 365-377
- Publication date:
- 1983-01-01
- DOI:
- EISSN:
-
1472-3409
- ISSN:
-
0308-518X
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:749de5f1-c1f7-4477-8f5c-8dbe2499bcab
- Local pid:
- ora:1965
- 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 2: reinterpreting contract theory', Environment and Planning A, 15(3), 365-377. [Available at http://www.envplan.com/A.html].
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