Unemployment, Factor Substitution, and Capital Formation

Article, Research, Preprint OPEN
Kaas, Leo; Thadden, Leopold von;
(2001)
  • Publisher: Frankfurt a. M.: Deutsche Bundesbank
  • Related identifiers: doi: 10.1111/j.1465-6485.2003.00090.x
  • Subject: D51 | Dynamisches Gleichgewicht | E24 | Faktorsubstitution | Wage bargaining | E25 | Hysteresis | Wage bargaining,Unemployment,Overlapping generations | Investition | Unemployment | Lohnpolitik | Overlapping Generations | Allgemeines Gleichgewicht | Beschäftigungseffekt | Einkommensverteilung | Schock | Theorie | Lohnverhandlungstheorie
    • jel: jel:E25 | jel:E24 | jel:D51
      ddc: ddc:330

We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond t... View more
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