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If individuals join a trade union their utility should increase. Therefore, union members can be expected to exhibit higher job satisfaction than comparable non-members. This expectation is not consistent with empirical findings. The evidence sometimes indicates that union members have lower job...
Persistent link: https://www.econbiz.de/10012389415
-Stiglitz-Krugman model. Later we reflect on wage inequality and unemployment providing some interesting results. …
Persistent link: https://www.econbiz.de/10012603414
credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … machines will. Such results change drastically when we consider a model with unemployment and finance dictates real outcomes … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …
Persistent link: https://www.econbiz.de/10013479581
industry in terms of a simple general equilibrium model that can accommodate for unemployment and underemployment. Finite …
Persistent link: https://www.econbiz.de/10013455828