Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21254 
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dc.contributor.authorGersbach, Hansen
dc.contributor.authorSchniewind, Achimen
dc.date.accessioned2009-01-28T16:20:47Z-
dc.date.available2009-01-28T16:20:47Z-
dc.date.issued2001-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x394en
dc.subject.jelD58en
dc.subject.jelE24en
dc.subject.jelL13en
dc.subject.jelJ60en
dc.subject.ddc330en
dc.subject.keywordSectoral wage-bargainingen
dc.subject.keywordawareness of general equilibrium effectsen
dc.subject.keywordunemploymenten
dc.subject.stwTheorie der Arbeitslosigkeiten
dc.subject.stwLohnverhandlungstheorieen
dc.subject.stwArbeitsmarkttheorieen
dc.subject.stwGleichgewichten
dc.subject.stwArbeitslosigkeiten
dc.subject.stwHysteresisen
dc.subject.stwTheorieen
dc.titleAwareness of General Equilibrium Effects and Unemployment-
dc.typeWorking Paperen
dc.identifier.ppn844720569en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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