Capital Structure, Wage Bargaining and Employment

Erkki Koskela and R. Stenbacka

University of Helsinki, Department of Economics from Department of Economics

Abstract: We offer a unified framework to analyze the determination of employment, employee effort, wages, profit-sharing and capital structure when firms face stochastic revenue shocks. We apply a generalized Nash bargaining solution, which extends the wage bargaining literature by incorporating efficiency wage considerations, profit-sharing and capital structure.

Keywords: WAGES; CAPITAL STRUCTURE; EMPLOYMENT (search for similar items in EconPapers)
JEL-codes: G32 J41 J51 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2000
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Citations: View citations in EconPapers (4)

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Working Paper: Capital Structure, Wage Bargaining and Employment (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:helsec:475

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