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Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/21254
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Gersbach, Hans | | en_US |
| dc.contributor.author | | Schniewind, Achim | | en_US |
| dc.date.accessioned | | 2009-01-28T16:20:47Z | | - |
| dc.date.available | | 2009-01-28T16:20:47Z | | - |
| dc.date.issued | | 2001 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/21254 | | - |
| dc.description.abstract | | We examine wage-bargaining in a two-sector economy when employers and labor unions in each sector are not always aware of all general equilibrium feedback effects. We show analytically that if agents only consider labor demand effects, low real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once, low real wages and low unemployment again result. The assumption that unions and employers? federations are not able to incorporate all feedback effects from other sectors may explain the persistence of high unemployment in Europe. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | IZA Discussion paper series 394 | | en_US |
| dc.subject.jel | | D58 | | en_US |
| dc.subject.jel | | E24 | | en_US |
| dc.subject.jel | | L13 | | en_US |
| dc.subject.jel | | J60 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Sectoral wage-bargaining | | en_US |
| dc.subject.keyword | | awareness of general equilibrium effects | | en_US |
| dc.subject.keyword | | unemployment | | en_US |
| dc.subject.stw | | Theorie der Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Lohnverhandlungstheorie | | en_US |
| dc.subject.stw | | Arbeitsmarkttheorie | | en_US |
| dc.subject.stw | | Gleichgewicht | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Hysteresis | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Awareness of General Equilibrium Effects and Unemployment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 343033542 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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