Long-Run Impact of Increased Wage Pressure

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Standard

Long-Run Impact of Increased Wage Pressure. / Hansen, Claus Thustrup.

I: Journal of Economics, Bind 69, Nr. 2, 1999, s. 141-157.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Hansen, CT 1999, 'Long-Run Impact of Increased Wage Pressure', Journal of Economics, bind 69, nr. 2, s. 141-157. https://doi.org/10.1007/BF01232418

APA

Hansen, C. T. (1999). Long-Run Impact of Increased Wage Pressure. Journal of Economics, 69(2), 141-157. https://doi.org/10.1007/BF01232418

Vancouver

Hansen CT. Long-Run Impact of Increased Wage Pressure. Journal of Economics. 1999;69(2):141-157. https://doi.org/10.1007/BF01232418

Author

Hansen, Claus Thustrup. / Long-Run Impact of Increased Wage Pressure. I: Journal of Economics. 1999 ; Bind 69, Nr. 2. s. 141-157.

Bibtex

@article{81d072f074c611dbbee902004c4f4f50,
title = "Long-Run Impact of Increased Wage Pressure",
abstract = "An unanticipated permanent increase in wage pressure is analyzed in a dynamic general-equilibrium model combining standard theory of capital accumulation and monopolistic wage setting. The long-run (steady-state) implications are identical percentage reduction in employment, consumption, and capital stock whereas wages and the real interest rate are unchanged. The reduction in employment on impact is larger than the steady-state reduction whereas wages rise and the real interest rate declines on impact",
author = "Hansen, {Claus Thustrup}",
note = "JEL Classification: E20, J51",
year = "1999",
doi = "10.1007/BF01232418",
language = "English",
volume = "69",
pages = "141--157",
journal = "Journal of Economics/ Zeitschrift fur Nationalokonomie",
issn = "0931-8658",
publisher = "Springer Wien",
number = "2",

}

RIS

TY - JOUR

T1 - Long-Run Impact of Increased Wage Pressure

AU - Hansen, Claus Thustrup

N1 - JEL Classification: E20, J51

PY - 1999

Y1 - 1999

N2 - An unanticipated permanent increase in wage pressure is analyzed in a dynamic general-equilibrium model combining standard theory of capital accumulation and monopolistic wage setting. The long-run (steady-state) implications are identical percentage reduction in employment, consumption, and capital stock whereas wages and the real interest rate are unchanged. The reduction in employment on impact is larger than the steady-state reduction whereas wages rise and the real interest rate declines on impact

AB - An unanticipated permanent increase in wage pressure is analyzed in a dynamic general-equilibrium model combining standard theory of capital accumulation and monopolistic wage setting. The long-run (steady-state) implications are identical percentage reduction in employment, consumption, and capital stock whereas wages and the real interest rate are unchanged. The reduction in employment on impact is larger than the steady-state reduction whereas wages rise and the real interest rate declines on impact

U2 - 10.1007/BF01232418

DO - 10.1007/BF01232418

M3 - Journal article

VL - 69

SP - 141

EP - 157

JO - Journal of Economics/ Zeitschrift fur Nationalokonomie

JF - Journal of Economics/ Zeitschrift fur Nationalokonomie

SN - 0931-8658

IS - 2

ER -

ID: 152174