Showing 1 - 10 of 31,138
Persistent link: https://www.econbiz.de/10000635054
Persistent link: https://www.econbiz.de/10001487905
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...
Persistent link: https://www.econbiz.de/10011419073
Countries with the highest labor productivity overwhelmingly lie in the world's temperate climatic zones far away from …
Persistent link: https://www.econbiz.de/10011490509
Persistent link: https://www.econbiz.de/10013261116
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...
Persistent link: https://www.econbiz.de/10001553229
Persistent link: https://www.econbiz.de/10000647323
skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers … compared with the United States - suggest that high unemployment is the price for insufficient wage flexibility. However, the … skill-biased technological change. In Japan, both unemployment and wage disparities remained low. The contrasting experience …
Persistent link: https://www.econbiz.de/10011451692