Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Dynamics of Unemployment, Vacancies and Real Wages with Trade Unions
Centre for Labour Economics, London School of Economics.
1985 (English)Report (Other academic)
Abstract [en]

This paper considers the response of wages, unemployment and vacancies to shocks when the number of job slots and real wages are determined by a Nash bargain between a firm and a small union. Unemployment and vacancies co-exist because of search considerations. There is a unique "natural" unemployment rate that ensures that every firm-union's bargained wage is stationary. Shocks that are eventually absorbed by wages cause deviations of unemployment from its natural rate, because the firm-union initial response to a shock is to change vacancies (and possible wages), which cause changes in unemployment flows via the search process.

Place, publisher, year, edition, pages
Stockholm: IIES , 1985. , 32 p.
Series
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 312
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-41336OAI: oai:DiVA.org:su-41336DiVA: diva2:329513
Note
Published in connection with a visit at the IIESAvailable from: 2010-07-12 Created: 2010-07-12 Last updated: 2010-07-12

Open Access in DiVA

fulltext(4510 kB)64 downloads
File information
File name FULLTEXT01.pdfFile size 4510 kBChecksum SHA-512
6d162c795931d9d1fe525b4d9612d7ce78ea9114a323fe84cd011b126d1ae1919871da5bf70e720fd8e918c9ece15e17137f9beebe621f5de544cefd44b12ae5
Type fulltextMimetype application/pdf

Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 64 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 36 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf