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dc.contributor.authorKoskela, Erkkien
dc.contributor.authorPuhakka, Mikkoen
dc.date.accessioned2008-06-27-
dc.date.accessioned2010-07-07T11:30:07Z-
dc.date.available2010-07-07T11:30:07Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/34853-
dc.description.abstractWe analyze the stability and dynamics of an overlapping generations model with imperfectly competitive labour markets. By focusing on the right-to-manage wage bargaining we assume that wage is negotiated after the capital stock decision. With Cobb-Douglas utility and production functions the steady state is unique and the steady state capital stock depends positively both on the trade union's bargaining power and on the wage elasticity of labour demand. That elasticity depends either on lower decreasing returns to scale and/or more intensive product market competition. Finally, we show that the steady state equilibrium is a saddle.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3246en
dc.subject.jelJ51en
dc.subject.ddc330en
dc.subject.keywordOverlapping generations economyen
dc.subject.keywordcapital accumulationen
dc.subject.keywordflexible wage negotiationen
dc.subject.keywordstability and dynamicsen
dc.subject.stwSteady-State-Wachstumen
dc.subject.stwOverlapping Generationsen
dc.subject.stwGleichgewichtsstabilitäten
dc.subject.stwLohnverhandlungenen
dc.subject.stwInvestitionen
dc.subject.stwGewerkschaftlicher Organisationsgraden
dc.subject.stwTheorieen
dc.titleStability and dynamics in an overlapping generations economy with flexible wage negotiations-
dc.type|aWorking Paperen
dc.identifier.ppn560200889en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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