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1 - 10 van 51 voor wage demands
Athena
... of the wage rate. in order to maintain profitability, firms lower their demand for labour and equilibrium unemployment increases and this erodes the unions bargaining position and they will lower wage demands. in ... -intensive way and, over time, this causes a fall in labour productivity. as a result wage demands decrease and unemployment rises less. 2.3.3 labour supply the equation for labour supply ...
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Microsoft PowerPoint - economics_financial_crisis.ppt
... policy switch around 1982 use monetary policy against inflation and .. unemployment against excessive wage demands result great moderation economicsandfinancialcrisis amsterdam 6 oct 2010 7. was the price ... ' core animal spirits away from patinkin's neoclassical synthesis which focussed on wage rigidity its credibility was undermined by monetarism economicsandfinancialcrisis amsterdam 6 oct 2010 8 ...
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Research Memorandum (set-up) [PFP#792279750]
... wage demands, there is less need for unemployment to rise in this case. in the case of cobb douglas technology, the reduction in labor productivity exactly matches the reduction in the real wage the firm can pay. unions wage demands then also exactly match this wage reduction, and there is no need for increased unemployment at ...
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Research Memorandum (set-up) [PFP#902192174]
... wage demands. therefore, higher unemployment will shift the balance from wages to employment, producing a moderating effect on wages set by trade unions. to model this negative, moderating effect of unemployment on wage demands ... represent the inverse of the constant wage elasticity of employment, with - (w and 0 1. then bargaining power and wage demands will decrease as the elasticity becomes ...
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N:\...\discussion17.wp [PFP#331423159]
... wage demands. the reason is that centralised wage-setters are more aware of the negative externalities associated with high wages and therefore moderate wage demands more than decentralised wage ...
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governance stakeholder relationships german and dutch experience pdf
... engagement with the management performance evaluation efficiency wages monitoring wage costs labour productivity human capital worker motivation employees wage income effort job security future market value work ... , 1995b 157). invest- ment in equipment raises labour productivity, which will increase future wage demands. before management has made the investment it can negotiate a division of rents ...
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N:\publicaties\...\cpbdoc30.wp [PFP#531103649]
... wage demands move back along the new wage curve until they are in line with the firms ability to pay. in the end, the real wage ... wage curve results. the reduction in wage demands implies that unemployment rises less. if the elasticity of substitution is one - the cobb-douglas case - labour productivity and the wage ...
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macroeconomic resilience dsge model pdf
... distinction can also be made between shocks in domestic and foreign markets. for example, strong wage demands by employees may undermine the international competitiveness of an economy, as well as having a ... the degree of competition in labour markets and the degree of strategic complementarity in wage setting for households. wage rigidity is also modelled with a calvo mechanism with parameter w. 4.4 ...
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memo221.pdf
... recession the drastically lower inflation is not yet immediately visible in the average contract wage increases in the market sector. because many collective labour agreements have already been ... trade unions foresaw this reaction and therefore increasingly incorporated the anticipated inflation in their wage demands, as a result of which inflation rose even further. automatic price indexing and ...
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Microsoft Word - discussion_huizinga_newfig2.doc
... wage moderation. so, a shift in union preferences towards higher wages leads in equilibrium not to higher wages, but to a higher level of unemployment. the wage push raises, ceteris paribus, union wage demands. to keep the negotiated wage outcome in line with the equilibrium wage, unemployment has to rise. by similar reasoning, a wage push ...
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