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Labor Hoarding, Inflexible Prices and Procyclical Productivity (Classic Reprint) - Couverture souple
Synopsis
Understand how labor hoarding and price rigidity drive productivity trends across the business cycle. This book shows how the relationship between costs, capacity, and pricing can change what we measure as productivity, depending on how prices respond to demand.
In clear terms, it compares measures of productivity based on labor costs versus labor revenue, and explains when each measure moves with the cycle. It also discusses how peak-load pricing and quasi-fixed labor affect output, capacity decisions, and the timing of productivity changes. The analysis uses theoretical results and empirical evidence to explore why productivity can appear procyclical or countercyclical under different price settings.
- How rigid vs. flexible prices alter the Solow residual and measured productivity using different cost or revenue shares
- Why labor hoarding matters for productivity dynamics, especially around demand changes
- Evidence from industries and nations on how productivity behaves across cycles
- Discussed methods for interpreting productivity movements when capacity and pricing interact
Ideal for readers of macroeconomics, productivity research, and policy analysis who want a grounded view of how pricing and labor adjustments shape measured productivity.
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Labor Hoarding, Inflexible Prices and Procyclical Productivity
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : New. Print on Demand. This book dissects the debate over procyclical productivity, which refers to the phenomenon of output rising more than labour input over business cycles, causing productivity to increase during economic expansions. The author challenges the prominent view that this is solely due to market power and increasing returns to scale. Instead, they argue that price rigidity and labour hoarding play a more significant role. By examining how procyclical productivity varies across industries and countries, the author finds support for their argument, particularly in industries with higher labour hoarding and in countries like Japan with more rigid labour markets. The book offers a fresh perspective on procyclical productivity, emphasizing the importance of labour hoarding and price rigidity in understanding this economic phenomenon. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781330488430_0
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EUR 16,11
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Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
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Labor Hoarding, Inflexible Prices and Procyclical Productivity Classic Reprint
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330488430
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EUR 25,64
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Expédition nationale : Etats-Unis
Expédition nationale : Etats-Unis
Quantité disponible : 15 disponible(s)
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Labor Hoarding, Inflexible Prices and Procyclical Productivity Classic Reprint
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330488430
Acheter neuf
EUR 25,12
Expédition à EUR 3,93
Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
Quantité disponible : 15 disponible(s)