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heterogeneity. The wealth and income inequality is due to household heterogeneity in preferences and human capital as well as the …
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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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die Reaktion von Beschäftigung, Kapital und Einkommensverteilung auf Lohnschocks und diskutieren dabei insbesondere, wie …
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