The Women's Movement and Women's Employment in Nineteenth

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Language: English

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Wage rigidities – in reality wages are slow to adjust to changes in either the demand or supply of labour, meaning that markets do not clear quickly. A low rate of entrepreneurship may also International Conference on Business & Information 2013 ISBN 978-955-4563-17-9 be a consequence of the low economic growth levels, which also reflect higher levels of unemployment (Audretsch, 1995). This New Keynesian interpretation of NAIRU suggests that information failure is common in the labour market – information is asymmetric and employers do not know how productive workers are until after they have employed them.

Pages: 278

Publisher: Routledge; Reprint edition (February 15, 2014)

ISBN: 0415510503

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