NĚMEC, Daniel and Dalibor MORAVANSKÝ. Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis. Bulletin of the Czech Econometric Society. Czech Econometric Society, 2006, vol. 23, No 13, p. 61-76, 15 pp. ISSN 1212-074X. |
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@article{792394, author = {Němec, Daniel and Moravanský, Dalibor}, article_number = {13}, keywords = {hysteresis; unemployment; wage bargaining model}, language = {eng}, issn = {1212-074X}, journal = {Bulletin of the Czech Econometric Society}, title = {Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis}, url = {http://ces.utia.cas.cz/bulletin/index.php/bulletin/article/view/150}, volume = {23}, year = {2006} }
TY - JOUR ID - 792394 AU - Němec, Daniel - Moravanský, Dalibor PY - 2006 TI - Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis JF - Bulletin of the Czech Econometric Society VL - 23 IS - 13 SP - 61-76 EP - 61-76 PB - Czech Econometric Society SN - 1212074X KW - hysteresis KW - unemployment KW - wage bargaining model UR - http://ces.utia.cas.cz/bulletin/index.php/bulletin/article/view/150 N2 - This paper presents a wage bargaining model and its relation to hysteresis hypothesis in unemployment. Hysteresis in unemployment is used do denote a situation, in which the equlibrium rate is determined by the path of the actual unemployment rate. Seeming lack of micro economical foundations may be the reason why this theoretical concept is rather neglected. Very popular explanation of hypothesis effects is made through insider-outsider model. But this model may be taken as a very special case of wage bargaining. For a better plausibility of hysteresis hypothesis, one may examine whether a more general wage setting model does not offer a possibility of hysteresis effects as well. We will be able to decide whether hysteresis is the rule rather than exception. Using the macroeconomic data of the Czech Republic, parametres of this model will be estimated. Conclusions about the patterns of Czech unemployment will be made. ER -
NĚMEC, Daniel and Dalibor MORAVANSKÝ. Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis. \textit{Bulletin of the Czech Econometric Society}. Czech Econometric Society, 2006, vol.~23, No~13, p.~61-76, 15 pp. ISSN~1212-074X.
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