The impossibility of involuntary unemployment in an overlapping generations model with rational expectation

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Standard

The impossibility of involuntary unemployment in an overlapping generations model with rational expectation. / Schultz, Christian.

I: Journal of Economic Theory, Bind 58, Nr. 1, 1992, s. 61-76.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Schultz, C 1992, 'The impossibility of involuntary unemployment in an overlapping generations model with rational expectation', Journal of Economic Theory, bind 58, nr. 1, s. 61-76. https://doi.org/10.1016/0022-0531(92)90101-M

APA

Schultz, C. (1992). The impossibility of involuntary unemployment in an overlapping generations model with rational expectation. Journal of Economic Theory, 58(1), 61-76. https://doi.org/10.1016/0022-0531(92)90101-M

Vancouver

Schultz C. The impossibility of involuntary unemployment in an overlapping generations model with rational expectation. Journal of Economic Theory. 1992;58(1):61-76. https://doi.org/10.1016/0022-0531(92)90101-M

Author

Schultz, Christian. / The impossibility of involuntary unemployment in an overlapping generations model with rational expectation. I: Journal of Economic Theory. 1992 ; Bind 58, Nr. 1. s. 61-76.

Bibtex

@article{d59b1a2074c611dbbee902004c4f4f50,
title = "The impossibility of involuntary unemployment in an overlapping generations model with rational expectation",
abstract = "If there is unemployment no matter how low the wage rate becomes, one speaks of involuntary unemployment. This phenomenon has been shown to arise in a variety of temporary or atemporal macro models with imperfect competition in the goods markets. In this paper we investigate whether the phenomenon of involuntary unemployment arises in a Hartian overlapping generations model with rational expectations. It does not, neither in the short nor in the long run",
author = "Christian Schultz",
year = "1992",
doi = "10.1016/0022-0531(92)90101-M",
language = "English",
volume = "58",
pages = "61--76",
journal = "Journal of Economic Theory",
issn = "0022-0531",
publisher = "Academic Press",
number = "1",

}

RIS

TY - JOUR

T1 - The impossibility of involuntary unemployment in an overlapping generations model with rational expectation

AU - Schultz, Christian

PY - 1992

Y1 - 1992

N2 - If there is unemployment no matter how low the wage rate becomes, one speaks of involuntary unemployment. This phenomenon has been shown to arise in a variety of temporary or atemporal macro models with imperfect competition in the goods markets. In this paper we investigate whether the phenomenon of involuntary unemployment arises in a Hartian overlapping generations model with rational expectations. It does not, neither in the short nor in the long run

AB - If there is unemployment no matter how low the wage rate becomes, one speaks of involuntary unemployment. This phenomenon has been shown to arise in a variety of temporary or atemporal macro models with imperfect competition in the goods markets. In this paper we investigate whether the phenomenon of involuntary unemployment arises in a Hartian overlapping generations model with rational expectations. It does not, neither in the short nor in the long run

U2 - 10.1016/0022-0531(92)90101-M

DO - 10.1016/0022-0531(92)90101-M

M3 - Journal article

VL - 58

SP - 61

EP - 76

JO - Journal of Economic Theory

JF - Journal of Economic Theory

SN - 0022-0531

IS - 1

ER -

ID: 157727