{"id":999238,"date":"2023-12-11T10:43:22","date_gmt":"2023-12-11T17:43:22","guid":{"rendered":"https:\/\/globalfutures.asu.edu\/cel\/?post_type=project&#038;p=999238"},"modified":"2024-01-17T16:22:14","modified_gmt":"2024-01-17T23:22:14","slug":"behavior-based-wage-dynamics-and-policy-implications","status":"publish","type":"project","link":"https:\/\/globalfutures.asu.edu\/cel\/project\/behavior-based-wage-dynamics-and-policy-implications\/","title":{"rendered":"Behavior-based wage dynamics and policy implications"},"content":{"rendered":"<div class=\"wp-bootstrap-blocks-container container mb-0 pt-6 pt-xl-12 mb-12\">\n\t\n<div class=\"wp-bootstrap-blocks-row row justify-content-between\">\n\t\n\n<div class=\"col-12 col-md-7\">\n\t\t\t\n\n<h2 class=\"wp-block-heading mt-0 mb-4\">Behavior-based wage dynamics and policy implications<\/h2>\n\n\n\n<ul class=\"uds-list wp-block-list\">\n<li>We are developing a labor dynamics model based on the Labor Discipline Theory.<\/li>\n\n\n\n<li>Firms and households have incomplete information, and firms have an understanding of household effort response curves captured by neural networks.<\/li>\n\n\n\n<li>This project is primarily using individual based computational modeling.<\/li>\n\n\n\n<li>The goal of this project is to explore the consequences of minimum wage, earned income tax credits and universal basic income on firm wages.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading mt-10\">References<\/h2>\n\n\n\n<p>Bowles, Samuel, and Robert Boyer. &#8220;Labor discipline and aggregate demand: a macroeconomic model.&#8221;&nbsp;The American Economic Review&nbsp;78.2 (1988): 395-400.<\/p>\n\n\n\n<p>Akerlof, George A., and Janet L. Yellen. &#8220;The fair wage-effort hypothesis and unemployment.&#8221;&nbsp;The Quarterly Journal of Economics&nbsp;105.2 (1990): 255-283.<\/p>\n\n\t<\/div>\n\n\n\n<div class=\"col-12 col-md-4\">\n\t\t\t\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"900\" height=\"761\" src=\"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics.jpg\" alt=\"\" class=\"wp-image-999239\" srcset=\"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics.jpg 900w, https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics-300x254.jpg 300w, https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics-768x649.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\t<\/div>\n\n<\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":999239,"parent":0,"template":"","project_detail":[],"class_list":["post-999238","project","type-project","status-publish","has-post-thumbnail","hentry"],"uds_featured_image":{"id":999239,"alt_text":"labour-dynamics","caption":"","description":"","media_type":"image","media_details":{"width":900,"height":761,"file":"2023\/12\/labour-dynamics.jpg","filesize":41579,"sizes":{"medium":{"file":"labour-dynamics-300x254.jpg","width":300,"height":254,"mime-type":"image\/jpeg","filesize":8343,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics-300x254.jpg"},"thumbnail":{"file":"labour-dynamics-150x150.jpg","width":150,"height":150,"mime-type":"image\/jpeg","filesize":3938,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics-150x150.jpg"},"medium_large":{"file":"labour-dynamics-768x649.jpg","width":768,"height":649,"mime-type":"image\/jpeg","filesize":33826,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics-768x649.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"post":999238,"source_url":"https:\/\/globalfutures.asu.edu\/cel\/wp-content\/uploads\/sites\/21\/2023\/12\/labour-dynamics.jpg"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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