| dc.creator |
Krause, Michael |
|
| dc.creator |
Lubik, Thomas A. |
|
| dc.date |
2007 |
|
| dc.date.accessioned |
2013-10-16T07:06:18Z |
|
| dc.date.available |
2013-10-16T07:06:18Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19694 |
|
| dc.identifier |
ppn:543472477 |
|
| dc.identifier |
RePEc:zbw:bubdp1:6138 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19694 |
|
| dc.description |
We analyse the implications of intra-firm bargaining for business cycle dynamics in models with large firms and search frictions. Intra-firm bargaining implies a feedback effect from the marginal revenue product to wage setting which leads firms to over-hire in order to reduce workers' bargaining position within the firm. The key to this effect are decreasing returns and/or downward-sloping demand. We show that equilibrium wages and employment are higher in steady state compared to a bargaining framework in which firms neglect this feedback. However, the effects of intra-firm bargaining on adjustment dynamics, volatility and comovement are negligible. |
|
| dc.language |
eng |
|
| dc.relation |
Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2007,17 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
E32 |
|
| dc.subject |
J64 |
|
| dc.subject |
E24 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
Strategic wage setting |
|
| dc.subject |
search and matching frictions |
|
| dc.subject |
business cycle propagation |
|
| dc.subject |
Konjunkturtheorie |
|
| dc.subject |
Lohnverhandlungen |
|
| dc.subject |
Allgemeines Gleichgewicht |
|
| dc.subject |
Arbeitsuche |
|
| dc.subject |
Matching |
|
| dc.subject |
Theorie |
|
| dc.title |
Does intra-firm bargaining matter for business cycle dynamics? |
|
| dc.type |
doc-type:workingPaper |
|