Cahuc, Pierre; Marque, François; Wasmer, Etienne - C.E.P.R. Discussion Papers - 2004
, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by …. Further, with heterogeneous labour, higher relative bargaining power for some groups leads quite generally to over-employment … relative to other groups, those other groups being under-employed if they have a lower relative bargaining power. The over-employment …