Gorodnichenko, Yuriy; Mendoza, Enrique G.; Tesar, Linda L. - 2009
Finnish labor market during the depression.
III A Model of Trade-Induced Great Depressions
In this section we develop a …
trade, it is important to examine the Finnish labor market because of its very high degree of
unionization. In 1993 …
flexibility. Regardless of ,
D
jj
ww in the pre-Soviet-collapse steady state. Given the wage,
market-clearing in the labor …