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Journal Article Capital, Wages and Structural Unemployment Get access George A. Akerlof, George A. Akerlof University of California, Berkeley. Search for other works by this author on: Oxford Academic Google Scholar Joseph E. Stiglitz Joseph E. Stiglitz Cowles Foundation, Yale University. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 79, Issue 314, 1 June 1969, Pages 269–281, https://doi.org/10.2307/2230168 Published: 01 June 1969
Akerlof et al. (Sun,) studied this question.