Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects

Arbeitspapier

We examine the macroeconomic consequences of industry wage bargaining and product market reforms. We suggest that general equilibrium effects may be important for the evaluation of industry-specific regulations. In particular, we suggest that the European unemployment problem can be traced back partially to insufficient recognition of general equilibrium effects. Moreover, unawareness of general equilibrium effects may be an explanation of why regulations are introduced and why structural reforms are (not) undertaken.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 833

Classification and Topics

• Classification: Wirtschaft ; Mobility, Unemployment, Vacancies, and Immigrant Workers: General ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Computable and Other Applied General Equilibrium Models ; Oligopoly and Other Imperfect Markets
• Subject: industry wage bargaining ; structural reforms ; general equilibrium effects ; Deregulierung ; Arbeitsmarktflexibilisierung ; Tarifpolitik ; Makroökonomischer Einfluß ; Mehr-Sektoren-Modell ; Allgemeines Gleichgewicht ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gersbach, Hans
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/20078
• Last update: 10.03.2025, 11:44 AM CET