Use this identifier to quote or link this document: http://hdl.handle.net/2072/87997

Monopolistic competition and different wage setting systems
García, José Ramón; Sorolla Amat, Valeri
Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica; Institut d'Anàlisi Econòmica
In this paper we match the static disequilibrium unemployment model without frictions in the labor market and monopolistic competition with an infinite horizon model of growth. We compare the wages set at the firm, sector and national (centralized) levels, their unemployment rates and growth of the economic variables, for the Cobb-Douglas production function, in order to see under wich conditions the inverse U hypothesis between unemployment and centralization of wage bargain is confirmed. We also analyze, in the three wage setting systems, the effect of an increase in the monopoly power on employment and growth.
2010-09-30
Salaris
Desenvolupament econòmic
Competència monopolista
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Working Paper
Working papers; 839.10
         

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