| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5000 |
| DP5000 Welfare Trade-Offs in US Rail Mergers | |
| Marc Ivaldi; Gerard McCullough | |
| 发表日期 | 2005-04-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We examine wage bargaining in a two-sector economy when the employers and labour unions in each sector are not always aware of all the general equilibrium feedback effects. We show analytically that if agents only consider labour demand effects, low real wages and low unemployment are the result. With an intermediate view, i.e. when partial equilibrium effects within a sector are taken into account, high real wages and unemployment result. If all general equilibrium effects are simultaneously considered, we once again obtain a situation of low wages and unemployment. The assumption that unions and employers' federations are unable to incorporate all feedback effects from other sectors may explain why unemployment in Europe is high. |
| 主题 | Industrial Organization ; Labour Economics |
| 关键词 | Sectoral wage bargaining Awareness of general equilibirum effects Unemployment |
| URL | https://cepr.org/publications/dp5000 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533898 |
| 推荐引用方式 GB/T 7714 | Marc Ivaldi,Gerard McCullough. DP5000 Welfare Trade-Offs in US Rail Mergers. 2005. |
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