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Macroeconomics And The Wage Bargain
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Book Synopsis Macroeconomics and the Wage Bargain by : Wendy Carlin
Download or read book Macroeconomics and the Wage Bargain written by Wendy Carlin and published by Oxford University Press, USA. This book was released on 1990 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors present a new treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world.
Book Synopsis Macroeconomics and the Wage Bargain by : Wendy Carlin
Download or read book Macroeconomics and the Wage Bargain written by Wendy Carlin and published by . This book was released on 1992 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Wage Bargaining in Dynamic Macroeconomics by : Oliver Claas
Download or read book Essays on Wage Bargaining in Dynamic Macroeconomics written by Oliver Claas and published by Springer Nature. This book was released on 2019-11-20 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses collective bargaining in an intertemporal monetary macroeconomy of the aggregate supply–aggregate demand (AS–AD) type with overlapping generations of consumers and with a public sector. The results are presented in a unified framework with a commodity market that clears competitively. By analyzing the implications of three variants of collective bargaining – efficient bargaining in a uniform and a segmented labor market and “right-to-manage” wage bargaining – it identifies the quantity of money, price expectations, union power, and union size as the determinants of temporary equilibria. In the three scenarios, it characterizes and compares the temporary equilibria using both analytical and numerical techniques, with an emphasis on allocations, welfare, and efficiency. It also discusses the dynamic evolution under rational expectations and its steady states in nominal and real terms. Lastly, it demonstrates conditions for stability regarding a balanced monetary expansion of the economy.
Book Synopsis Contested Economic Institutions by : Torben Iversen
Download or read book Contested Economic Institutions written by Torben Iversen and published by Cambridge University Press. This book was released on 1999-08-28 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines why some countries have much higher unemployment rates than others. Explores wage bargaining institutions, macro-economic policy regimes, and the welfare state. Argues that unemployment is the outcome of interaction between the centralization of the wage bargaining system and the character of the monetary policy regime.
Book Synopsis Trade Unions, Wage Formation and Macroeconomic Stability by : Lars Calmfors
Download or read book Trade Unions, Wage Formation and Macroeconomic Stability written by Lars Calmfors and published by Springer. This book was released on 2016-02-10 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Institutional Conflicts and Complementarities by : Robert Franzese
Download or read book Institutional Conflicts and Complementarities written by Robert Franzese and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union (EMU). Institutional Conflicts and Complementarities is written by acknowledged experts in their field. The outcome is a broad analysis of the interactions of labour market actors and central banks. The volume addresses the recent changes in EMU. An important theoretical, empirical, and policy-relevant conclusion that emerges from Institutional Conflicts and Complementarities is that even perfectly credible monetary conservatism has long-term real effects, even in equilibrium models with fully rational expectations.
Book Synopsis The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union by : S. Dullien
Download or read book The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union written by S. Dullien and published by Springer. This book was released on 2004-10-11 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of co-operation between unions and monetary authorities: In an economy with endogenous money as EMU, wage setters are responsible for price stability while the central bank is responsible for the level of output. Co-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable to assure cooperation.
Book Synopsis Union Wage Bargaining and Economic Growth by : Jörg Lingens
Download or read book Union Wage Bargaining and Economic Growth written by Jörg Lingens and published by Springer Science & Business Media. This book was released on 2004-06-24 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unemployment is still the most pressing economic problem in Europe. It is consensus among most economists that the major fraction of the unemployment problem is not caused by short term business cycle factors, but is caused by structural problems. Thus, unemployment in Europe is a long term phenomenon. With this the question arises whether unemployment also affects the rate of growth of an economy. This book offers a unified approach to analyse this question by incorporating union wage bargaining into a wide variety of growth models. It is shown that unions might foster economic growth, but this result is very sensitive to the exact specification of the model under consideration. In general, imperfect labour markets have an effect on the rate of growth and as such should be considered relevant when thinking about economic growth.
Book Synopsis Wage Centralization, Union Bargaining, and Macroeconomic Performance by : Mr.James McHugh
Download or read book Wage Centralization, Union Bargaining, and Macroeconomic Performance written by Mr.James McHugh and published by INTERNATIONAL MONETARY FUND. This book was released on 2002-08-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that centralized wage setting may offer worse outcomes, despite the existence of a negative coordination externality in decentralized wage setting. This is more likely to occur when the legal and institutional environment strengthens the bargaining position of the union in the centralized regime compared with unions operating in a more decentralized regime. Furthermore, as product markets become more competitive, the macroeconomic outcomes in both regimes converge, and the degree of wage centralization becomes irrelevant.
Book Synopsis The Costs and Benefits of Various Wage Bargaining Structures by : Alun H. Thomas
Download or read book The Costs and Benefits of Various Wage Bargaining Structures written by Alun H. Thomas and published by International Monetary Fund. This book was released on 2002-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment externalities. This paper uses OECD data to distinguish these effects. While wages have become more sensitive to changes in the unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not particularly sensitive to internal factors (relative price and productivity shifts) in economies with centralized/industry-level bargaining arrangements. The latter effect dominates in terms of persistently high unemployment and weaker growth.
Book Synopsis The Wage Bargain and the Labor Market by : Harry Mortimer Douty
Download or read book The Wage Bargain and the Labor Market written by Harry Mortimer Douty and published by . This book was released on 1980 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on wage determination, wages trends and the labour market in the USA - covers wage structure, wage differentials, (incl. Within occupations), wage policy, role of trade unions in wage collective bargaining, minimum wage and employment effects, etc. Bibliography after each chapter and statistical tables.
Book Synopsis Wage Determination and Incomes Policy in Open Economies by : Ms.Anne Romanis Braun
Download or read book Wage Determination and Incomes Policy in Open Economies written by Ms.Anne Romanis Braun and published by International Monetary Fund. This book was released on 1986-09-15 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by Anne Romanis Braun, a former staff member of the IMF's Research Department, this volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.
Book Synopsis Taxation, Wage Bargaining, and Unemployment by : Isabela Mares
Download or read book Taxation, Wage Bargaining, and Unemployment written by Isabela Mares and published by Cambridge University Press. This book was released on 2006-02-13 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period and why did this virtuous relationship break down during recent decades? This book provides an answer to this question, by highlighting the critical importance of a political exchange between unions and governments, premised on wage moderation in exchange for the expansion of social services and transfers. The strategies pursued by these actors in these political exchanges are influenced by existing wage bargaining institutions, the character of monetary policy and by the level and composition of social policy transfers. The book demonstrates that the gradual growth in the fiscal burden has undermined the effectiveness of this political exchange, lowering the ability of unions' wage policies to affect employment outcomes.
Book Synopsis Centralisation of Wage Bargaining and Macroeconomic Performance by : Lars Calmfors
Download or read book Centralisation of Wage Bargaining and Macroeconomic Performance written by Lars Calmfors and published by . This book was released on 1993 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Policy and a Living Wage by : Donald R. Stabile
Download or read book Macroeconomic Policy and a Living Wage written by Donald R. Stabile and published by Springer. This book was released on 2018-10-29 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a new interpretation of the Employment Act of 1946. It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act. The Act mandated that the president prepare an Economic Report on the state of the economy and how to improve it, and the idea of a living wage was an essential issue in those Economic Reports for over two decades. The author argues that macroeconomic policy in the USA consisted of a dual approach of using a living wage to increase consumption with higher wages, and fiscal policy to create jobs and higher levels of consumption, therefore forming a hybrid system of redistributive economics. An important read for scholars of economic history, this book explores Roosevelt’s role in the debates over the Employment Act in the 1940s, and underlines how Truman’s Fair Deal, Kennedy’s New Frontier and Johnson’s Great Society all had the ultimate goal of a living wage, despite their variations of its definition and name.
Book Synopsis The Bargain Theory of Wages ... by : John Davidson
Download or read book The Bargain Theory of Wages ... written by John Davidson and published by New York ; London : G.P. Putnam. This book was released on 1898 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment and Inflation by : MichaelJ. Piore
Download or read book Unemployment and Inflation written by MichaelJ. Piore and published by Routledge. This book was released on 2017-07-05 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.