| dc.creator |
Koskela, Erkki |
|
| dc.creator |
Stenbacka, Rune |
|
| dc.date |
2004 |
|
| dc.date.accessioned |
2013-10-16T07:09:36Z |
|
| dc.date.available |
2013-10-16T07:09:36Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/20255 |
|
| dc.identifier |
ppn:378963260 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/20255 |
|
| dc.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. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
IZA Discussion paper series 1020 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
G32 |
|
| dc.subject |
J41 |
|
| dc.subject |
J51 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
wage and loan bargaining |
|
| dc.subject |
compensation systems |
|
| dc.subject |
equilibrium unemployment |
|
| dc.subject |
outside options |
|
| dc.subject |
Theorie der Arbeitslosigkeit |
|
| dc.subject |
Gleichgewicht |
|
| dc.subject |
Tarifliche Gewinnbeteiligung |
|
| dc.subject |
Kreditmarkt |
|
| dc.subject |
Unvollkommener Markt |
|
| dc.subject |
Lohnverhandlungstheorie |
|
| dc.subject |
Theorie |
|
| dc.title |
Profit Sharing, Credit Market Imperfections and Equilibrium Unemployment |
|
| dc.type |
doc-type:workingPaper |
|