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Wage Hikes as Supply and Demand Shock

Jerger, Jürgen and Michaelis, Jochen (2003) Wage Hikes as Supply and Demand Shock. Metroeconomica 54 (4), pp. 434-457.

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Abstract

Wage hikes affect production costs and hence are usually analysed as supply shocks. There is a long-standing debate, however, about demand effects of wage variations. In this paper, we bring together these two arguments in a Kaldorian model with group-specific saving rates and a production technology that allows for redistribution between workers and entrepreneurs following a wage hike. We ...

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Item type:Article
Date:2003
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Internationale und Monetäre Ökonomik (Prof. Dr. Jürgen Jerger)
Identification Number:
ValueType
10.1111/1467-999X.00174DOI
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Item ID:5383
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