Collective Bargaining, Awareness of General Equilibrium Effects, and Unemployment
Title | Collective Bargaining, Awareness of General Equilibrium Effects, and Unemployment PDF eBook |
Author | Hans Gersbach |
Publisher | |
Pages | 0 |
Release | 2014 |
Genre | |
ISBN |
We explore the significance of general equilibrium feedback effects for wage-bargaining. We examine a two-sector economy and show that if agents only consider labor demand effects low real wages and low unemployment are the consequences. With an intermediate view, i.e., when partial equilibrium effects within a sector are taken into account, high real wages and unemployment result. If all general equilibrium effects are perceived simultaneously, we once again obtain a situation with low wages and unemployment. The results may explain why unemployment is high in some European countries.
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 |
General Equilibrium Effects of Unemployment Compensation with Labor Force Participation
Title | General Equilibrium Effects of Unemployment Compensation with Labor Force Participation PDF eBook |
Author | Michael Sattinger |
Publisher | |
Pages | 25 |
Release | 1993 |
Genre | |
ISBN |
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 |
Unions and Collective Bargaining
Title | Unions and Collective Bargaining PDF eBook |
Author | Toke Aidt |
Publisher | Directions in Development |
Pages | 188 |
Release | 2002 |
Genre | Business & Economics |
ISBN |
This book offers an extensive survey and synthesis of the economic literature on trade unions and collective bargaining and their impact on micro-and macro-economic outcomes. The authors demonstrate the effects of collective bargaining in different country settings and time periods. A comprehensive reference, this book will be of interest to students and scholars of labor policy as well as to policy makers and anyone with an interest in the economic consequences of unionism.
A General Equilibrium Model of Sovereign Default and Business Cycles
Title | A General Equilibrium Model of Sovereign Default and Business Cycles PDF eBook |
Author | Vivian Z. Yue |
Publisher | International Monetary Fund |
Pages | 32 |
Release | 2011-07-01 |
Genre | Business & Economics |
ISBN | 1462330452 |
Emerging markets business cycle models treat default risk as part of an exogenous interest rate on working capital, while sovereign default models treat income fluctuations as an exogenous endowment process with ad-noc default costs. We propose instead a general equilibrium model of both sovereign default and business cycles. In the model, some imported inputs require working capital financing; default on public and private obligations occurs simultaneously. The model explains several features of cyclical dynamics around default triggers an efficiency loss as these inputs are replaced by imperfect substitutes; and default on public and private obligations occurs simultaneously. The model explains several features of cyclical dynamics around deraults, countercyclical spreads, high debt ratios, and key business cycle moments.
Economics—Advances in Research and Application: 2012 Edition
Title | Economics—Advances in Research and Application: 2012 Edition PDF eBook |
Author | |
Publisher | ScholarlyEditions |
Pages | 2231 |
Release | 2012-12-26 |
Genre | Business & Economics |
ISBN | 1464990727 |
Economics—Advances in Research and Application: 2012 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Economics. The editors have built Economics—Advances in Research and Application: 2012 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Economics in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics—Advances in Research and Application: 2012 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.