EconPapers    
Economics at your fingertips  
 

Wage Bargaining, Unemployment, and Growth

Michael Bräuninger ()

Journal of Institutional and Theoretical Economics (JITE), 2000, vol. 156, issue 4, 646-

Abstract: This paper examines interactions between wage bargaining, unemployment, and growth. In the basic model, wage bargaining determines unemployment and is not influenced by growth. An increase in unemployment benefits increases unemployment and reduces capital accumulation. In a neoclassical framework, the long-run effect is a reduction of income per head. In contrast, the wage is not affected. With endogenous growth the wage level increases, but the growth rate declines. Only if growth increases labour market flows, it does have an influence on wage bargaining. Then an increase in growth may increase unemployment, and this, in turn, reduces growth.

JEL-codes: E24 J51 O41 (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:mhr:jinste:urn:sici:0932-4569(200012)156:4_646:wbuag_2.0.tx_2-m

Ordering information: This journal article can be ordered from
Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany

Access Statistics for this article

Journal of Institutional and Theoretical Economics (JITE) is currently edited by Gerd Mühlheußer and Bayer, Ralph-C

More articles in Journal of Institutional and Theoretical Economics (JITE) from Mohr Siebeck, Tübingen
Bibliographic data for series maintained by Thomas Wolpert ().

 
Page updated 2019-07-20
Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200012)156:4_646:wbuag_2.0.tx_2-m