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Essays on Wage Bargaining in Dynamic Macroeconomics

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Essays on Wage Bargaining in Dynamic Macroeconomics/ by Oliver Claas.
作者:	Claas, Oliver.
面頁冊數:	VIII, 153 p. 43 illus., 21 illus. in color.online resource. :
Contained By:	Springer Nature eBook
標題:	Macroeconomics. -
電子資源:	https://doi.org/10.1007/978-3-319-97828-4
ISBN:	9783319978284

Essays on Wage Bargaining in Dynamic Macroeconomics
Claas, Oliver.

Essays on Wage Bargaining in Dynamic Macroeconomics[electronic resource] /by Oliver Claas. - 1st ed. 2019. - VIII, 153 p. 43 illus., 21 illus. in color.online resource. - Lecture Notes in Economics and Mathematical Systems,6890075-8442 ;. - Lecture Notes in Economics and Mathematical Systems,679.

Introduction -- Efficient Bargaining in a Dynamic Macroeconomic Model -- Wage Bargaining, Employment, and Union Power: The Right-to-Manage Approach -- Efficient Bargaining Under Labor Market Segmentation in a Macroeconomic Model.

This book addresses collective bargaining in an intertemporal monetary macroeconomy of the aggregate supply–aggregate demand (AS–AD) type with overlapping generations of consumers and with a public sector. The results are presented in a unified framework with a commodity market that clears competitively. By analyzing the implications of three variants of collective bargaining – efficient bargaining in a uniform and a segmented labor market and “right-to-manage” wage bargaining – it identifies the quantity of money, price expectations, union power, and union size as the determinants of temporary equilibria. In the three scenarios, it characterizes and compares the temporary equilibria using both analytical and numerical techniques, with an emphasis on allocations, welfare, and efficiency. It also discusses the dynamic evolution under rational expectations and its steady states in nominal and real terms. Lastly, it demonstrates conditions for stability regarding a balanced monetary expansion of the economy.

ISBN: 9783319978284

Standard No.: 10.1007/978-3-319-97828-4doiSubjects--Topical Terms:

554837
Macroeconomics.

LC Class. No.: HB172.5

Dewey Class. No.: 339

Essays on Wage Bargaining in Dynamic Macroeconomics
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