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Globalization and Labor Market Outcomes : Wage Bargaining, Search Frictions, and Firm Heterogeneity
Felbermayr, Gabriel; Prat, Julien; Schmerer, Hans-Jörg - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
We introduce search unemployment à la Pissarides into Melitz’ (2003) model of trade with heterogeneous firms. We allow wages to be individually or collectively bargained and analytically solve for the equilibrium. We find that the selection effect of trade influences labor market outcomes....
Persistent link: https://www.econbiz.de/10005860638
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Equilibrium Unemployment with Outsourcing andWage Solidarity Under Labour Market Imperfections
Koskela, Erkki; Stenbacka, Rune - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
We evaluate the effects of outsourcing and wage solidarity on wage formation andequilibrium unemployment in a … heterogeneous labour market, where wages are determinedby a monopoly labour union. We find that outsourcing promotes the wage …
Persistent link: https://www.econbiz.de/10005863113
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Equilibrium Unemployment with OutsourcingUnder Labour Market Imperfections
Koskela, Erkki; Stenbacka, Rune - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
We study both the various consequences and the incentives of outsourcing. We argue thatthe wage elasticity of labour … demand is increasing as a function of the share of outsourcing,which is importantly a result consistent with existing …
Persistent link: https://www.econbiz.de/10005863250