Henry Y. Wan Jr.

Author information

Department of Economics, Cornell University, Ithaca, NY 14853, USA

E-mail: jhyw1@cornell.edu

Abstract

This note is an effort to view the research program of Brecher and his co-workers to deploy tax incentives against involuntary unemployment in the broader context; on both the equity-efficiency trade-off in political economy, and the dual economic structure in the theoretic foundations of market equilibrium.

Keywords

involuntary unemployment, efficiency wage, wage rigidity

Cite this article

Henry Y. Wan Jr.. Involuntary Unemployment: An Expository Note. Front. Econ. China, 2018, 13(1): 83‒92 https://doi.org/10.3868/s060-007-018-0007-5