The Wage Curve in Austrian Models
CSWP 3 (June 2014)
Author
Christian Bidard
Keywords
Austrian model, long run, trade-off property, wage curve
JEL
B53, D24, D33
We fully characterise, in terms of their local or global properties, the wage curves associated
with Austrian models of production. When these properties are met, the degrees of
freedom in the choice of parameters allow us to build an Austrian model which admits a
given wage curve and satisfies other requirements.
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