Koskela, Erkki; Stenbacka, Rune - In: Labour Economics 19 (2012) 3, pp. 291-297
profit sharing. We show that intensified product market competition reduces equilibrium unemployment in a strictly monotonic …'s bargaining power, the effect of product market competition is ambiguous: there is a threshold for the benefit–replacement ratio … above (below) which intensified product market competition increases (decreases) equilibrium unemployment. The profit share …