Union Wage Bargaining and Economic Growth (Lecture Notes in Economic and Mathematical Systems) (Paperback)
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all these other countries) Usually dispatched within 48 hours | |Short Description for Union Wage Bargaining and Economic Growth 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...
Full description- Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Published: 06 April 2011
- Format: Paperback 220 pages
- See: Full bibliographic data
- Categories: Macroeconomics | Labour Economics | Development Economics | Industrial Relations | Industrial Arbitration & Negotiation
- ISBN 13: 9783540215226 ISBN 10: 3540215220
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Full description for Union Wage Bargaining and Economic Growth
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.
