Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21254
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dc.contributor.authorGersbach, Hansen_US
dc.contributor.authorSchniewind, Achimen_US
dc.date.accessioned2009-01-28T16:20:47Z-
dc.date.available2009-01-28T16:20:47Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/21254-
dc.description.abstractWe examine wage-bargaining in a two-sector economy when employers and labor unions ineach sector are not always aware of all general equilibrium feedback effects. We showanalytically that if agents only consider labor demand effects, low real wages and lowunemployment result. With an intermediate view, i.e. when partial equilibrium effects within asector are taken into account, high real wages and unemployment result. If all generalequilibrium effects are considered at once, low real wages and low unemployment againresult. The assumption that unions and employers? federations are not able to incorporate allfeedback effects from other sectors may explain the persistence of high unemployment inEurope.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x394en_US
dc.subject.jelD58en_US
dc.subject.jelE24en_US
dc.subject.jelL13en_US
dc.subject.jelJ60en_US
dc.subject.ddc330en_US
dc.subject.keywordSectoral wage-bargainingen_US
dc.subject.keywordawareness of general equilibrium effectsen_US
dc.subject.keywordunemploymenten_US
dc.subject.stwTheorie der Arbeitslosigkeiten_US
dc.subject.stwLohnverhandlungstheorieen_US
dc.subject.stwArbeitsmarkttheorieen_US
dc.subject.stwGleichgewichten_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwHysteresisen_US
dc.subject.stwTheorieen_US
dc.titleAwareness of General Equilibrium Effects and Unemploymenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn844720569en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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