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Título: | Monopolistic Competition and Different Wage Setting Systems |
Autor: | García, José Ramón; Sorolla, Valeri | Palabras clave: | Disequilibrium Unemployment Monopolistic Competition Growth Wage Setting Systems |
Fecha de publicación: | 15-jul-2010 | Citación: | UFAE and IAE Working Papers ; 839.10. | Resumen: | In this paper we match the static disequilibrium unemployment model without frictions in the labor market and monopolistic competition with an infinite horizon model of growth. We compare the wages set at the firm, sector and national (centralized) levels, their unemployment rates and growth of the economic variables, for the Cobb-Douglas production function, in order to see under wich conditions the inverse U hypothesis between unemployment and centralization of wage bargain is confirmed. We also analyze, in the three wage setting systems, the effect of an increase in the monopoly power on employment and growth. | Descripción: | JEL number: E24, O41 | Versión del editor: | http://pareto.uab.es/wp/2010/83910.pdf | URI: | http://hdl.handle.net/10261/35360 |
Aparece en las colecciones: | (IAE) Informes y documentos de trabajo |
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