Kinsei comments on Unemployment explanations - Less Wrong

28 Post author: Stuart_Armstrong 07 November 2014 05:12PM

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Comment author: Kinsei 09 November 2014 01:40:11PM 6 points [-]

Sticky wages are something it's quite possible to study in isolation from the business cycle and it should be no surprise that people have done so. I found a lot of enlightening things in that link, though of course it doesn't answer how much sticky wages end up contributing to unemployment. All the same, though, I don't think I would place much trust in economic models that don't include sticky wages at all.

Comment author: Stuart_Armstrong 09 November 2014 03:32:11PM 0 points [-]

Thanks for that link!