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dc.contributor.authorStrifler, Matthiasen
dc.contributor.authorBeissinger, Thomasen
dc.date.accessioned2012-08-23-
dc.date.accessioned2012-09-06T12:59:20Z-
dc.date.available2012-09-06T12:59:20Z-
dc.date.issued2012-
dc.identifier.piurn:nbn:de:bsz:100-opus-7579en
dc.identifier.urihttp://hdl.handle.net/10419/62140-
dc.description.abstractWe consider a theoretical model in which unions not only take the outside option into account, but also base their wage-setting decisions on an internal reference, called the fairness reference. Wage and employment outcomes and the shape of the aggregate wagesetting curve depend on the weight and the size of the fairness reference relative to the outside option. If the fairness reference is relatively high compared to the outside option, higher wages and lower employment than in the standard model will prevail. If hit by an adverse technology shock, the economy will then react with a stronger downward adjustment in employment, whereas real wages are more rigid than in the standard model. With a low fairness reference the opposite results are obtained. An increase in the fairness weight amplifies the deviations of wages and employment from those of the standard model. It also leads to an increase in the degree of real wage rigidity if the fairness reference is high and an increase in the degree of real wage flexibility if the fairness reference is low. Thus, higher wages go hand in hand with more pronounced wage stickiness.en
dc.language.isoengen
dc.publisher|aUniversität Hohenheim, Forschungszentrum Innovation und Dienstleistung (FZID) |cStuttgarten
dc.relation.ispartofseries|aFZID Discussion Paper |x56-2012en
dc.subject.jelJ51en
dc.subject.jelJ64en
dc.subject.jelE24en
dc.subject.ddc330en
dc.subject.keywordLabor Unionsen
dc.subject.keywordFairnessen
dc.subject.keywordWage Rigidityen
dc.subject.keywordWage Flexibilityen
dc.subject.keywordWage Stickinessen
dc.subject.keywordWage-Setting Curveen
dc.subject.keywordWage-Setting Processen
dc.subject.keywordUnemploymenten
dc.titleFairness considerations in labor union wage setting: A theoretical analysis-
dc.typeWorking Paperen
dc.identifier.ppn722179375en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:fziddp:562012en

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