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  • Search: subject:"Wage and Price Setting"
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Unemployment 7 Medium-Skilled Migration 6 Specific Factors Model 6 Wage and Price Setting 6 Over-qualification 5 Wage Polarization 5 wage and price setting 3 Macedonia 2 Skill Downgrading 2 Theorie 2 indexation 2 survey data 2 wage rigidity 2 AD type with government activity. Wages and aggregate employment levels are set according to an efficient (Nash) bargaining agreement while the commodity market is cleared in a competitive way. It is shown that, for each level of union power, measured by the share it obtains of the total production surplus, efficient bargaining implies no efficiency loss in production. Depending on the level of union power, temporary equilibria may exhibit voluntary overemployment or underemployment with the competitive equilibrium being a special case. Due to the price feedback from the commodity market and to income-induced demand effects, all temporary equilibria with a positive labor share are not Nash bargaining-efficient with respect to the set of feasible temporary equilibrium allocations. While higher union power induces a larger share of the surplus and a higher real wage, it always implies lower output and employment. Moreover, the induced nominal equilibrium wage is not always a monotonically increasing function of union power. Therefore, all temporary equilibria with efficient bargaining are only Second-best Pareto optimal, i.\,e.\ bargaining power and production efficiency do not lead to temporary optimality. The dynamic evolution of money balances, prices, and wages is analyzed being driven primarily by government budget deficits and expectations by consumers. It is shown that for each fixed level of union power, the features of the dynamics under perfect foresight are structurally identical to those of the same economy under competitive wage and price setting. These are: stationary equilibria with perfect foresight do not exist, except on a set of parameters of measure zero 1 Arbeitslosigkeit 1 Arbeitsmigranten 1 Beschäftigung 1 Central Bank 1 Dynamisches Modell 1 Estimation 1 Gewerkschaftsmitgliedschaft 1 Lohnbildung 1 Lohnindexierung 1 Lohnrigidität 1 Lohnverhandlungen 1 Makroökonomik 1 Medium-Skilled Migration \and Wage and Price Setting \and Specific Factors Model 1 Migrant workers 1 Nordmazedonien 1 North Macedonia 1 Occupational qualification 1 Phillips curve 1 Preismanagement 1 Preisrigidität 1 Price stickiness 1 Pricing strategy 1 Qualifikation 1 Schätzung 1 Spieltheorie 1 Theory 1
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Online availability
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Free 11
Type of publication
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Book / Working Paper 11
Type of publication (narrower categories)
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Working Paper 5 Graue Literatur 2 Non-commercial literature 2 Arbeitspapier 1 Preprint 1
Language
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English 7 Undetermined 4
Author
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Vallizadeh, Ehsan 7 Muysken, Joan 6 Ziesemer, Thomas 6 Naumovski, Nikola 2 Ramadani, Gani 2 Böhm, Volker 1 Claas, Oliver 1 Joan, Muysken 1 Kromphardt, Jürgen 1 Logeay, Camille 1 Thomas, Ziesemer 1
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Institution
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 2 Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft (ZBW) 1 Narodna Banka na Republika Makedonija 1 United Nations University-Maastricht Economic Research Institute of Innovation and Technology (UNU-MERIT) 1
Published in...
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MPRA Paper 2 EconStor Preprints 1 IAB discussion paper : Beiträge zum wissenschaftlichen Dialog aus dem Institut für Arbeitsmarkt- und Berufsforschung 1 IAB-Discussion Paper 1 Kiel Working Paper 1 MERIT Working Papers 1 Research paper / National Bank of the Republic of Macedonia 1 Working Paper 1 Working Papers 1 [Working paper] / National Bank of the Republic of Macedonia 1
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Source
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EconStor 5 RePEc 4 ECONIS (ZBW) 2
Showing 1 - 10 of 11
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Wage and Price Setting in Macedonia: Evidence from Survey Data
Ramadani, Gani; Naumovski, Nikola - 2015
This paper presents the main findings of a survey on wage and price formation of firms in Macedonia conducted in the first half of 2014. The main objective was to identify some relevant characteristics about the dynamics of wages and prices in Macedonia, clarifying the relationship between them,...
Persistent link: https://www.econbiz.de/10011785357
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Wage and price setting in Macedonia : evidence from survey data
Ramadani, Gani; Naumovski, Nikola - Narodna Banka na Republika Makedonija - 2015
This paper presents the main findings of a survey on wage and price formation of firms in Macedonia conducted in the first half of 2014. The main objective was to identify some relevant characteristics about the dynamics of wages and prices in Macedonia, clarifying the relationship between them,...
Persistent link: https://www.econbiz.de/10011623540
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Migration, unemployment, and skill downgrading: Specific-factors approch
Vallizadeh, Ehsan; Muysken, Joan; Ziesemer, Thomas - 2013
This paper analyzes the impact of the skill composition of migration flows on the host country's labor market in a specific factors two-sector model with heterogeneous labor (low-, medium-, and highly-skilled) and price- and wage-setting behavior. The low- and medium-skilled labor markets are...
Persistent link: https://www.econbiz.de/10010323801
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Migration, unemployment, and skill downgrading : specific-factors approch
Vallizadeh, Ehsan; Muysken, Joan; Ziesemer, Thomas - 2013
This paper analyzes the impact of the skill composition of migration flows on the host country’s labor market in a specific factors two-sector model with heterogeneous labor (low-, medium-, and highly-skilled) and price- and wage-setting behavior. The low- and medium-skilled labor markets are...
Persistent link: https://www.econbiz.de/10010126919
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Migration, Unemployment, and Over-qualification: A Specific Factors-Model Approach
Muysken, Joan; Vallizadeh, Ehsan; Ziesemer, Thomas - 2012
This paper analyses the impact of the skill composition of migration flows on the host country's labour market in a specific-factors-two-sector model with heterogeneous labour (low, medium, and high skill) and price- and wage-setting behaviour. The low- and medium-skilled labour markets are...
Persistent link: https://www.econbiz.de/10010310954
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Efficient wage bargaining in a dynamic macroeconomic model
Böhm, Volker; Claas, Oliver - 2012
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union representing a finite number of identical workers in a monetary macroeconomic model of the AS
Persistent link: https://www.econbiz.de/10010319989
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Migration, Unemployment, and Over-qualification: A Specific-Factors Model Approach
Muysken, Joan; Vallizadeh, Ehsan; Ziesemer, Thomas - Volkswirtschaftliche Fakultät, … - 2012
This paper analyses the impact of the skill composition of migration flows on the host country's labour market in a specific-factors-two-sector model with heterogeneous labour (low, medium, and high skill) and price- and wage-setting behaviour. The low- and medium-skilled labour markets are...
Persistent link: https://www.econbiz.de/10011107411
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The impact of medium-skilled immigration: a general equilibrium approach
Vallizadeh, Ehsan; Joan, Muysken; Thomas, Ziesemer - Volkswirtschaftliche Fakultät, … - 2012
This paper analyses the impact of the skill composition of migration flows on the host country's labour market in a specific-factors-two-sector model with heterogeneous labour (low-, medium-, and high-skilled). We assume price-setting behaviour in both manufacturing and services sectors. The...
Persistent link: https://www.econbiz.de/10011108147
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Migration, Unemployment, and Over-qualification: A Specific Factors-Model Approach
Muysken, Joan; Vallizadeh, Ehsan; Ziesemer, Thomas - Deutsche Zentralbibliothek für … - 2012
This paper analyses the impact of the skill composition of migration flows on the host country's labour market in a specific-factors-two-sector model with heterogeneous labour (low, medium, and high skill) and price- and wage-setting behaviour. The low- and medium-skilled labour markets are...
Persistent link: https://www.econbiz.de/10010957813
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The impact of Medium-Skilled immigration: A general equilibrium approach
Muysken, Joan; Vallizadeh, Ehsan; Ziesemer, Thomas - United Nations University-Maastricht Economic Research … - 2012
This paper analyses the impact of the skill composition of migration flows on the host country’s labour market in a specific-factors-two-sector model with heterogeneous labour (low-, medium-, and high-skilled). We assume price-setting behaviour in both manufacturing and services sectors. The...
Persistent link: https://www.econbiz.de/10010712200
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