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WAGE AND EMPLOYMENT DETERMINATION WHEN EMPLOYMENT ADJUSTMENT IS COSTLY *
Author(s) -
Pemberton James
Publication year - 1989
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.1989.tb00280.x
Subject(s) - economics , wage , labour economics , wage bargaining
The paper introduces employment adjustment costs into two widely used models of the trade union, and contrasts the resulting equilibrium wage and employment levels with those which result if employment can be costlessly adjusted.