Long Run Demand for Labour in the Consumer Good Industry

7 Pages Posted: 8 May 2006

See all articles by Ian Steedman

Ian Steedman

Manchester Metropolitan University - Department of Economics

Abstract

We consider, for alternative models of production, the comparative statics of constant-returns economies in long run competitive equilibrium, for which reswitching, capital-reversing and consumption-reversal are all completely absent. Notwithstanding the 'well-behaved' nature of these economies, the use of labour per unit of output in the consumer good industry is always positively related to the real wage rate.

Suggested Citation

Steedman, Ian, Long Run Demand for Labour in the Consumer Good Industry. Metroeconomica, Vol. 57, No. 2, pp. 158-164, May 2006, Available at SSRN: https://ssrn.com/abstract=898995 or http://dx.doi.org/10.1111/j.1467-999X.2006.00237.x

Ian Steedman (Contact Author)

Manchester Metropolitan University - Department of Economics ( email )

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