Learning of general equilibrium effects and the unemployment trap
We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low unemployment results. With an intermediate view, when partial equilibr...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Bonn
Institute for the Study of Labor (IZA)
2001
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| Schriftenreihe: | IZA Discussion paper series
254 |
| In: |
Discussion paper series (254)
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| Schlagworte: | |
| Online-Zugang: | Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/21103
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| Verfasserangaben: | Hans Gersbach; Achim Schniewind |
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