| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 986987 | Structural Change and Economic Dynamics | 2012 | 10 Pages |
Abstract
⺠I model wage setting through Nash bargaining in a growing economy. ⺠Wages, employment and the direction of technical change are endogenous. ⺠The model produces cycles that match qualitatively the post-war US evidence. ⺠Workers' bargaining power increases labor productivity growth in equilibrium, but lowers equilibrium employment.
Related Topics
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Economics and Econometrics
Authors
Daniele Tavani,