Arbeitspapier

Labor unions, unemployment, and inequality in an OLG-Model with heterogeneous agents

As a consequence of falling relative demand for low skilled labor in the OECD, people with no or minor qualification experience a deterioration of their economic situation. While flexible labor markets have led to higher wage differentials in the USA, the major problem of most European countries is the high rate of unemployment of the low skilled. To integrate currently discussed determinants of wage distribution and unemployment into a common context, labor unions and qualification differences in labor supply are introduced to an OLG-model with heterogeneous agents. The model generates skill specific unemployment rates and a wage dispersion affected by production technology, wage setting procedure, and qualification structure of labor supply. As an application of the model, the relative importance of wage dispersion, unemployment, and lifelong learning for economic growth and income distribution can be evaluated.

Sprache
Englisch

Erschienen in
Series: Volkswirtschaftliche Diskussionsreihe ; No. 207

Klassifikation
Wirtschaft
Wage Level and Structure; Wage Differentials
Trade Unions: Objectives, Structure, and Effects
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
One, Two, and Multisector Growth Models
Thema
wage and income inequality
unemployment
trade unions
overlapping generations

Ereignis
Geistige Schöpfung
(wer)
Kremer, Jana
Ereignis
Veröffentlichung
(wer)
Universität Augsburg, Institut für Volkswirtschaftslehre
(wo)
Augsburg
(wann)
2001

Handle
Letzte Aktualisierung
20.09.2024, 08:22 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Kremer, Jana
  • Universität Augsburg, Institut für Volkswirtschaftslehre

Entstanden

  • 2001

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