Unions, Monetary Shocks and the Labour Market Cycle
Data(s) |
31/01/2012
31/01/2012
01/02/2010
|
---|---|
Resumo |
Published as an article in: Economic Modelling, 2011, vol. 28, issue 3, pages 1140-1149. This paper provides a new growth model by considering strategic behaviour in the supply of labour. Workers form a labour union with the aim of manipulating wages in their own benefit. We analyse the implications on labor market dynamics at business cycle frequencies of getting away from the price-taking assumption. A calibrated monetary version of the union model does quite a reasonable job in replicating the dynamic features of labour market variables observed in post-war U.S. data. |
Identificador |
1988-088X http://hdl.handle.net/10810/6568 RePEc:ehu:dfaeii:201002 |
Idioma(s) |
eng |
Publicador |
University of the Basque Country, Department of Foundations of Economic Analysis II |
Relação |
DFAEII 2010.02 |
Direitos |
info:eu-repo/semantics/openAccess |
Palavras-Chave | #labour union #productivity versus monetary shocks #business cycles |
Tipo |
info:eu-repo/semantics/workingPaper |