About: Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	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. 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. (en)
Title	Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis (en)
skos:prefLabel	Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis Wage Bargaining Model As Microfoundation Of Hysteresis Hypothesis (en)
skos:notation	RIV/00216224:14560/06:00025021!RIV10-GA0-14560___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(GA402/05/2172)
http://linked.open...iv/cisloPeriodika	13
http://linked.open...vai/riv/dodaniDat	2010
http://linked.open...aciTvurceVysledku	Moravanský, Dalibor Němec, Daniel
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Masarykova univerzita / Ekonomicko-správní fakulta
http://linked.open...dnocenehoVysledku	508810
http://linked.open...ai/riv/idVysledku	RIV/00216224:14560/06:00025021
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	hysteresis; unemployment; wage bargaining model (en)
http://linked.open.../riv/klicoveSlovo	unemployment hysteresis wage bargaining model
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[452F31AA6F5B]
http://linked.open...i/riv/nazevZdroje	Bulletin of the Czech Econometric Society
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...vavai/riv/projekt	Monetary politics and monetary stabilization: identification and application of general equilibrium models
http://linked.open...UplatneniVysledku	2006
http://linked.open...v/svazekPeriodika	23
http://linked.open...iv/tvurceVysledku	Němec, Daniel Moravanský, Dalibor
issn	1212-074X
number of pages	15 (xsd:int)
http://localhost/t...ganizacniJednotka	14560

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