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https://dipositint.ub.edu/dspace/handle/2445/57169Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Raurich, Xavier | - |
| dc.contributor.author | Sorolla, Valeri | - |
| dc.date.accessioned | 2014-09-15T10:43:14Z | - |
| dc.date.available | 2014-09-15T10:43:14Z | - |
| dc.date.issued | 2014 | - |
| dc.identifier.issn | 1136-8365 | - |
| dc.identifier.uri | https://hdl.handle.net/2445/57169 | - |
| dc.description.abstract | We introduce wage setting via efficiency wages in the neoclassical one-sector growth model to study the growth effects of wage inertia. We compare the dynamic equilibrium of an economy with wage inertia with the equilibrium of an economy without it. We show that wage inertia affects the long run employment rate and that the transitional dynamics of the main economic variables will be different because wages are a state variable when wage inertia is introduced. In particular, we show that the model with wage inertia can explain some growth patterns that cannot be explained when wages are flexible. We also study the growth effects of permanent technological and fiscal policy shocks in these two economies. | - |
| dc.format.extent | 40 p. | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | eng | - |
| dc.publisher | Universitat de Barcelona. Facultat d'Economia i Empresa | - |
| dc.relation.isformatof | Reproducció del document publicat a: http://www.ub.edu/ubeconomics/growth-unemployment-and-wage-inertia/ | - |
| dc.relation.ispartof | UB Economics – Working Papers, 2014, E14/309 | - |
| dc.relation.ispartofseries | [WP E-Eco14/309] | - |
| dc.rights | cc-by-nc-nd, (c) Raurich et al., 2014 | - |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | - |
| dc.source | UB Economics – Working Papers [ERE] | - |
| dc.subject.classification | Mercat de treball | - |
| dc.subject.classification | Atur | - |
| dc.subject.classification | Dret al treball | - |
| dc.subject.classification | Política de plena ocupació | - |
| dc.subject.classification | Creixement econòmic | - |
| dc.subject.other | Labor market | - |
| dc.subject.other | Unemployment Right lo labor | - |
| dc.subject.other | Full employment policies | - |
| dc.subject.other | Economic growth | - |
| dc.title | Growth, unemployment and wage inertia [WP] | - |
| dc.type | info:eu-repo/semantics/workingPaper | - |
| dc.date.updated | 2014-09-15T10:43:17Z | - |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
| Appears in Collections: | UB Economics – Working Papers [ERE] Documents de treball / Informes (Economia) | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| E14-309_Raurich.pdf | 573.25 kB | Adobe PDF | View/Open |
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