Unproductive Labor as Profit Rate Maximizing Labor
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چکیده
منابع مشابه
Labor Utilization and Nonwage Labor Costs in a Disequilibrium Macro Framework
The literature on labor utilization and non wage labor costs is extended to incorporate recent approaches to macroeconomic disequilibrium modeling based on the "smoothing by aggregation" principle. This leads to a reformulation of the basic Sneessens-Dreze type model by treating employment and working hours as separate inputs. The inclusion of non wage labor costs serves a double purpose: first...
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