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dc.contributor.authorKoskela, Erkkien_US
dc.contributor.authorStenbacka, Runeen_US
dc.date.accessioned2009-01-28T16:12:46Z-
dc.date.available2009-01-28T16:12:46Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20255-
dc.description.abstractWe investigate the interaction between labour and credit market imperfections for equilibrium unemployment in the presence of profit sharing. In a partial equilibrium with exogenous outside options increased bargaining power of banks has adverse employment effects. In a general equilibrium with endogenous outside options this relationship is frequently reversed; reduced credit market imperfections increase equilibrium unemployment if the labour market imperfections – measured by the bargaining power of trade unions - are sufficiently strong and benefit-replacement ratio high enough. Finally, we show that higher bankruptcy risks increase equilibrium unemployment under similar conditions.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1020en_US
dc.subject.jelG32en_US
dc.subject.jelJ41en_US
dc.subject.jelJ51en_US
dc.subject.ddc330en_US
dc.subject.keywordwage and loan bargainingen_US
dc.subject.keywordcompensation systemsen_US
dc.subject.keywordequilibrium unemploymenten_US
dc.subject.keywordoutside optionsen_US
dc.subject.stwTheorie der Arbeitslosigkeiten_US
dc.subject.stwGleichgewichten_US
dc.subject.stwTarifliche Gewinnbeteiligungen_US
dc.subject.stwKreditmarkten_US
dc.subject.stwUnvollkommener Markten_US
dc.subject.stwLohnverhandlungstheorieen_US
dc.subject.stwTheorieen_US
dc.titleProfit Sharing, Credit Market Imperfections and Equilibrium Unemploymenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn378963260en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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