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We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
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Wir betrachten ein intertemporales Gleichgewichtsmodell mit Lohnverhandlungen am Arbeitsmarkt und diskutieren die …
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decisions and wages. Controlling for the initial distribution of wealth, we show that economic growth increases inequality and …
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