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profits, involuntary unemployment and within-group wage inequality in a unified framework. We use this model to investigate … simultaneous increase of average profits and involuntary unemployment as well as a surge in within-group wage inequality …
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dampens both the increase in the aggregate unemployment rate and the decline in aggregate wages that come as a consequence of …
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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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the level of the profit tax. The question of wheather there is unemployment or not turns out to be less important. …
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