Koskela, Erkki (contributor); Stenbacka, Rune (contributor) - 2004 - [Elektronische Ressource]
unemployment under sufficiently ‘rigid’ labour market institutions, i.e.
sufficiently high benefit-replacement ratios and relative … n the labour market ‘rigidities’ are sufficiently small.
Keywords : Wage bargaining, profit sharing, efficiency wages … profit sharing and equilibrium unemployment. He argues that the elasticity of
substitution between labour and capital is a …