Author: Erkki KoskelaPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Equilibrium Unemployment with Outsourcing Under Labour Market Imperfections
Author: Erkki KoskelaEquilibrium Unemployment with Outsourcing under Labour Market Imperfections
Author: Equilibrium Unemployment with Outsourcing & Wage Solidarity under Labour Market Imperfections
Author: Equilibrium Unemployment with Outsourcing and Wage Solidarity Under Labour Market Imperfections
Author: Erkki KoskelaPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a heterogeneous labour market, where wages are determined by a monopoly labour union. We find that outsourcing promotes the wage dispersion between the high-skilled and low-skilled workers. When the labour union adopts a solidaristic wage policy, it will magnify, and not dampen, this tendency. Further, higher outsourcing will increase equilibrium unemployment among the high-skilled workers, whereas it will reduce it among the low-skilled workers. Overall, outsourcing will reduce economy-wide equilibrium unemployment under the reasonable condition that the proportion of high-skilled workers is sufficiently low.
Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections
Author: Heikki KauppiPublisher:
ISBN: 9789515558213
Category :
Languages : en
Pages : 29
Book Description
Labour Contracts, Imperfect Competition in the Product Market, and Involuntary Unemployment
Author: Kai-Uwe KühnPublisher:
ISBN:
Category : Competition, Imperfect
Languages : en
Pages : 44
Book Description
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.
Equilibrium Unemployment with Credit & Labour Market Imperfections
Author: Strategic Outsourcing, Profit Sharing and Equilibrium Unemployment
Author: Erkki KoskelaEquilibrium Unemployment and Credit Market Imperfections
Author: Erkki KoskelaPublisher:
ISBN: 9789521000423
Category :
Languages : en
Pages : 30
Book Description