Michaelis, Jochen; Debus, Martin - 2009
age pattern affects wages and (un)employment. We develop a general equilibrium model where wages for young and old workers … pattern a�ects wages and (un)employment.
We develop a general equilibrium model where wages for young and old
workers are set … issue of work-
force ageing in a unionized economy. Schmidt (1993) develops a model where
wages are set by a large monopoly …