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  • 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
http://linked.open...avai/riv/aktivity
  • P(GA402/05/2172)
http://linked.open...iv/cisloPeriodika
  • 13
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 508810
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/06:00025021
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • hysteresis; unemployment; wage bargaining model (en)
http://linked.open.../riv/klicoveSlovo
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
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 23
http://linked.open...iv/tvurceVysledku
  • Němec, Daniel
  • Moravanský, Dalibor
issn
  • 1212-074X
number of pages
http://localhost/t...ganizacniJednotka
  • 14560
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