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https://hdl.handle.net/10419/21254
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Gersbach, Hans | en |
dc.contributor.author | Schniewind, Achim | en |
dc.date.accessioned | 2009-01-28T16:20:47Z | - |
dc.date.available | 2009-01-28T16:20:47Z | - |
dc.date.issued | 2001 | - |
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 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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x394 | en |
dc.subject.jel | D58 | en |
dc.subject.jel | E24 | en |
dc.subject.jel | L13 | en |
dc.subject.jel | J60 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Sectoral wage-bargaining | en |
dc.subject.keyword | awareness of general equilibrium effects | en |
dc.subject.keyword | unemployment | en |
dc.subject.stw | Theorie der Arbeitslosigkeit | en |
dc.subject.stw | Lohnverhandlungstheorie | en |
dc.subject.stw | Arbeitsmarkttheorie | en |
dc.subject.stw | Gleichgewicht | en |
dc.subject.stw | Arbeitslosigkeit | en |
dc.subject.stw | Hysteresis | en |
dc.subject.stw | Theorie | en |
dc.title | Awareness of General Equilibrium Effects and Unemployment | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 844720569 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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