Construct · 1 fields · 1 citations

Lucas-Rapping model: a standalone construct

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Macroeconomics

model in which employment fluctuates because workers shift labor supply over time in response to perceived temporary changes in real wages.

In macroeconomics, Lucas-Rapping model refers to model in which employment fluctuates because workers shift labor supply over time in response to perceived temporary changes in real wages. This meaning comes from Lucas (1969) in Journal of Political Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

labor4 fields · 4 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs response4 fields · 4 citationsjingle · one word, four constructs

References

Lucas,, R. E., & Rapping, L. A. (1969). Real Wages, Employment, and Inflation. Journal of Political Economy, 77(5), 721-754. https://doi.org/10.1086/259559

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