Die Beschäftigungswirkungen von Steuersenkungen und Änderungen der Steuerprogression werden in Modellen mit Lohnverhandlungen und Effizienzlöhnen untersucht. Es zeigt sich, daß die betrachteten Standardmodelle die positiven Effekte einer steileren Steuerprogression überzeichnen;...

This paper uses a Shapiro-Stiglitz efficiency wage model to analyse the effects of firing costs on wages, employment, expected utility and profits. It considers that the probability of a non-shirker being fired depends on an exogenous shock which follows a two-state Markov process. It finds that...

We develop a simple general equilibrium model of production where, despite the existence of involuntary unemployment, non-equalized job rents are the only distortion. Hence, a standard GDP function exists. Unemployment results from either efficiency wage setting or wage bargaining

I analyze an overlapping generations model with old age productivity risk where wages, employment and severance payments are set through efficient bargaining between risk averse unions and risk neutral firms. Equilibrium allocations with limited union membership are second-best inefficient as...