About this document
Rigid Wage Dynamics in Unionized Labor Market by Tiyas Sahu is a document available to read on EtoBox.
The document discusses a unionized labor market model where wage and employment are determined through bargaining between labor unions and firms. It presents two bargaining mechanisms: the Efficient Bargaining model, where both wage and employment are negotiated, and the Right to Manage model, where only wage is negotiated while firms set employment levels. Key findings include wage rigidity, the independence of wage from capital stock, and the impact of unemployment benefits and bargaining power on employm
- Author
- Tiyas Sahu
- Language
- EN