Author: Heikki KauppiPublisher:
ISBN: 9789515558213
Category :
Languages : en
Pages : 29
Book Description
Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections
Author: Heikki KauppiPublisher:
ISBN: 9789515558213
Category :
Languages : en
Pages : 29
Book Description
Equilibrium Unemployment and Capital Intensity Under Product and Labor Market Imperfections
Author: Heikki KauppiPublisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 48
Book Description
Equilibrium Unemployemnt and Investment Under Product and Labour Market Imperfections
Author: Heikki KauppiLabor Market Imperfections and Thick Market Externalities from Innovation
Author: Daron AcemogluPublisher:
ISBN:
Category : Economics
Languages : en
Pages : 44
Book Description
Equilibrium Unemployment & Capital Intensity Under Product & Labor Market Imperfections
Author: Equilibrium Unemployment with Credit & Labour Market Imperfections
Author: Equilibrium Unemployment with Outsourcing under Labour Market Imperfections
Author: The Labor Market and Economic Adjustment
Author: Pierre-Richard AgénorPublisher: International Monetary Fund
ISBN: 1451854781
Category : Business & Economics
Languages : en
Pages : 98
Book Description
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Equilibrium Unemployment With Credit and Labour Market Imperfections
Author: Erkki KoskelaPublisher:
ISBN:
Category :
Languages : en
Pages : 38
Book Description
We study the role of labour and credit market imperfections in the determination of equilibrium unemployment. In the credit market, loan contracts are negotiated between financiers and firms, both of which have bargaining power, while firms and organized labour bargain over the base wage. The sequential labour and credit market negotiations are assumed to take place conditional on the firm having committed to the use performance-related profit sharing in addition to the negotiated base wage. It is shown that, in the presence of profit sharing, intensified credit market competition will raise equilibrium unemployment, because it induces wage-enhancing effects that cause an increase in the outside option available to union members. Equilibrium unemployment, which is also an increasing function of firms' bankruptcy risks, is however independent of the extent of credit market imperfection, provided that the compensation system is unrelated to firms' profits or that there is a monopoly union in the labour market.
Author: