EconPapers    
Economics at your fingertips  
 

Bargaining and Wage Resistance in an Open Macroeconomic Model

Christopher J Ellis and John Fender

Economic Journal, 1987, vol. 97, issue 385, 106-20

Abstract: An open macroeconomic model where wages and employment are determinedby bargaining between a representative firm and a representative union is developed. The model is characterized by a number of regimes; in each of these regimes the effects of changes in the termsof trade and in government expenditure on employment, the real wage and the balance of trade are analyzed. It is of particular interest that under certain circumstances real wage resistance is exhibited-- that is, in response to a terms of trade deterioration, the real wagemay not decline and may even increase. Copyright 1987 by Royal Economic Society.

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0013-0133%2819870 ... 0.CO%3B2-Z&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecj:econjl:v:97:y:1987:i:385:p:106-20

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

 
Page updated 2022-09-22
Handle: RePEc:ecj:econjl:v:97:y:1987:i:385:p:106-20