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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20255| Title: | Profit Sharing, Credit Market Imperfections and Equilibrium Unemployment |
| Keywords: | G32 J41 J51 ddc:330 wage and loan bargaining compensation systems equilibrium unemployment outside options Theorie der Arbeitslosigkeit Gleichgewicht Tarifliche Gewinnbeteiligung Kreditmarkt Unvollkommener Markt Lohnverhandlungstheorie Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | We investigate the interaction between labour and credit market imperfections for equilibrium unemployment in the presence of profit sharing. In a partial equilibrium with exogenous outside options increased bargaining power of banks has adverse employment effects. In a general equilibrium with endogenous outside options this relationship is frequently reversed; reduced credit market imperfections increase equilibrium unemployment if the labour market imperfections – measured by the bargaining power of trade unions - are sufficiently strong and benefit-replacement ratio high enough. Finally, we show that higher bankruptcy risks increase equilibrium unemployment under similar conditions. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20255 |
| Other Identifiers: | http://hdl.handle.net/10419/20255 ppn:378963260 |
| Appears in Collections: | EconStor |
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