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Essays on wage bargaining in dynamic...

Claas, Oliver.

Essays on wage bargaining in dynamic macroeconomics

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on wage bargaining in dynamic macroeconomicsby Oliver Claas.
Author:	Claas, Oliver.
Published:	Cham :Springer International Publishing :2019.
Description:	viii, 153 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Wage bargaining.
Online resource:	https://doi.org/10.1007/978-3-319-97828-4
ISBN:	9783319978284$q(electronic bk.)

Essays on wage bargaining in dynamic macroeconomics
Claas, Oliver.

Essays on wage bargaining in dynamic macroeconomics[electronic resource] /by Oliver Claas. - Cham :Springer International Publishing :2019. - viii, 153 p. :ill., digital ;24 cm. - Lecture notes in economics and mathematical systems,6890075-8442 ;. - Lecture notes in economics and mathematical systems ;461..

Introduction -- Efficient Bargaining in a Dynamic Macroeconomic Model -- Wage Bargaining, Employment, and Union Power: The Right-to-Manage Approach -- Efficient Bargaining Under Labor Market Segmentation in a Macroeconomic Model.

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.

ISBN: 9783319978284$q(electronic bk.)

Standard No.: 10.1007/978-3-319-97828-4doiSubjects--Topical Terms:

855445
Wage bargaining.

LC Class. No.: HD4909 / .C53 2019

Dewey Class. No.: 331.21

Essays on wage bargaining in dynamic macroeconomics
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245 1 0 $a Essays on wage bargaining in dynamic macroeconomics $h [electronic resource] / $c by Oliver Claas.
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505 0 $a Introduction -- Efficient Bargaining in a Dynamic Macroeconomic Model -- Wage Bargaining, Employment, and Union Power: The Right-to-Manage Approach -- Efficient Bargaining Under Labor Market Segmentation in a Macroeconomic Model.
520 $a 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.
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