| dc.creator |
Koskela, Erkki |
|
| dc.creator |
Stenbacka, Rune |
|
| dc.date |
2005 |
|
| dc.date.accessioned |
2013-10-16T07:02:43Z |
|
| dc.date.available |
2013-10-16T07:02:43Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19067 |
|
| dc.identifier |
ppn:509687830 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19067 |
|
| dc.description |
We investigate the implications of product market imperfections on profit sharing, wage negotiation and equilibrium unemployment. The optimal profit share, which the firms use as a wage-moderating commitment device, is below the bargaining power of the trade union. Intensified product market competition decreases profit sharing, but increases the negotiated base wage, because the wage-increasing effect of reduced profit sharing dominates the wage-reducing effect associated with a higher wage elasticity of labor demand. Finally, we show that intensified product market competition does not necessarily reduce equilibrium unemployment, because it induces both higher wage mark-ups and lower optimal profit shares. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
CESifo working papers 1603 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
L11 |
|
| dc.subject |
J51 |
|
| dc.subject |
J33 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
product market competition |
|
| dc.subject |
profit sharing |
|
| dc.subject |
wage bargaining |
|
| dc.subject |
equilibrium unemployment |
|
| dc.subject |
Tarifliche Gewinnbeteiligung |
|
| dc.subject |
Lohnverhandlungstheorie |
|
| dc.subject |
Wettbewerb |
|
| dc.subject |
Theorie der Arbeitslosigkeit |
|
| dc.subject |
Theorie |
|
| dc.title |
Product market competition, profit sharing and equilibrium unemployment |
|
| dc.type |
doc-type:workingPaper |
|