Wage Bargaining and Unemployment in a General Equilibrium Model
Title | Wage Bargaining and Unemployment in a General Equilibrium Model PDF eBook |
Author | |
Publisher | |
Pages | |
Release | 1989 |
Genre | |
ISBN |
Wage Bargaining and Unemployment in a General Equilibrium Model
Title | Wage Bargaining and Unemployment in a General Equilibrium Model PDF eBook |
Author | Hans Joergen Jacobsen |
Publisher | |
Pages | 21 |
Release | 1989 |
Genre | |
ISBN |
Awareness of General Equilibrium Effects and Unemployment
Title | Awareness of General Equilibrium Effects and Unemployment PDF eBook |
Author | Hans Gersbach |
Publisher | |
Pages | 36 |
Release | 2001 |
Genre | |
ISBN |
Search in the Labor Market under Imperfectly Insurable Income Risk
Title | Search in the Labor Market under Imperfectly Insurable Income Risk PDF eBook |
Author | Mr.Mauro Roca |
Publisher | International Monetary Fund |
Pages | 39 |
Release | 2009-09-01 |
Genre | Business & Economics |
ISBN | 1451873352 |
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance observed in the U.S. A key mechanism is the joint influence of imperfect insurance and risk aversion in the wage bargaining. The paper also proposes a novel solution to solve this heterogeneous-agent model.
Unemployment, Factor Substitution, and Capital Formation
Title | Unemployment, Factor Substitution, and Capital Formation PDF eBook |
Author | Leo Kaas |
Publisher | |
Pages | 34 |
Release | 2016 |
Genre | |
ISBN |
We incorporate a wage bargaining structure in a dynamic general equilibrium model and showWir betrachten ein intertemporales Gleichgewichtsmodell mit Lohnverhandlungen am Arbeitsmarkt.
Equilibrium Unemployment Theory, second edition
Title | Equilibrium Unemployment Theory, second edition PDF eBook |
Author | Christopher A. Pissarides |
Publisher | MIT Press |
Pages | 273 |
Release | 2000-03-02 |
Genre | Business & Economics |
ISBN | 0262264064 |
This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.
Unemployment in an Equilibrium Model with Bargaining
Title | Unemployment in an Equilibrium Model with Bargaining PDF eBook |
Author | Nicolaas Groenewold |
Publisher | |
Pages | 30 |
Release | 1988 |
Genre | Collective bargaining |
ISBN | 9780859013918 |