rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Essays on Wage Bargaining in Dynamic Macroeconomics
  name:
    name part: Claas, Oliver.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2019
    edition: 1st ed. 2019.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: VIII, 153 p. 43 illus., 21 illus. in color. online resource.
  abstract: 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.
  table of contents: 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.
  note: by Oliver Claas.
  subject:
    topic: Macroeconomics
  subject:
    topic: Economic theory
  subject:
    topic: Labor economics
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  subject:
    topic: Labor Economics
  classification: HB172.5
  classification: 339
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: Lecture Notes in Economics and Mathematical Systems, 689
  identifier: 9783319978284
  identifier: https://doi.org/10.1007/978-3-319-97828-4
  record info:
    record creation date: 191120
    record change date: 20191120141052.0
    record identifier: 978-3-319-97828-4