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Unemployment and Employment Protection in a Unionized Economy with Search Frictions

✍ Scribed by Nikolai Stähler


Book ID
111040780
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
148 KB
Volume
22
Category
Article
ISSN
1121-7081

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We present a monetary general equilibrium model with labor market frictions in the form of search unemployment which is calibrated for the US economy. Interestingly, both employment and output may even increase with the rate of in ation depending on the elasticity of labor supply. Considering the tr