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Involuntary Unemployment and Income Feedback Effects

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Abstract

We study the link between involuntary unemployment and income feedback effects in a model with an imperfect product market. We provide a condition based on the demand such that full employment prevails when income feedback effects are neglected, while involuntary unemployment appears when they are integrated.
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Dates and versions

hal-02167642 , version 1 (28-06-2019)

Identifiers

  • HAL Id : hal-02167642 , version 1

Cite

Laurence Lasselle, Serge Svizzero. Involuntary Unemployment and Income Feedback Effects. 1998. ⟨hal-02167642⟩

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AFRIQ UNIV-REUNION
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