Condition for Linearity of the Wage Curve

Condition for Linearity of the Wage Curve

For a given technique, the wage-rate of profit curve is linear in one-sector models. In multisector models, Wicksell effects appear and some paradoxes in capital theory are linked to the complex shape of the wage curve. We study the conditions ensuring the linearity of the curve for a bisector model...

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Veröffentlicht in:Metroeconomica 2020, Vol.71, p.449-455
1. Verfasser: Bidard, Christian
Format: Artikel
Sprache:eng
Schlagworte:
Economics and Finance
Humanities and Social Sciences
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Zusammenfassung:For a given technique, the wage-rate of profit curve is linear in one-sector models. In multisector models, Wicksell effects appear and some paradoxes in capital theory are linked to the complex shape of the wage curve. We study the conditions ensuring the linearity of the curve for a bisector model and for models satisfying a specific rank condition.
ISSN:0026-1386
1467-999X