English, Article, Journal or magazine article edition: Staggered Bargaining and Hours Worked Samuel Danthine; Stephane Auray

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Bookmark: http://trove.nla.gov.au/version/57446
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Staggered Bargaining and Hours Worked
Author
  • Samuel Danthine
  • Stephane Auray
Physical Description
  • preprint
Notes
  • A matching model with labor/​leisure choice and staggered bargaining is used to explain (i)differences in GDP per hour and GDP per capita, (ii) differences in employment, (iii) differences in the proportion of part-time work across countries. The model predicts that the higher the level of rigidity in wages and hours the lower are GDP per capita, employment, part-time work and hours worked, but the higher is GDP per hours worked. In addition, it predicts that a country with a high level of rigidity in wages and hours and a high level of income taxation has higher GDP per hour and lower GDP per capita than a country with less rigidity and a lower level of taxation. This is due mostly to a lower level of employment, and not to a higher degree of part-time work. In contrast, a country with low levels of rigidity in hour and in wage setting but with a higher level of income taxation has a lower GDP per capita and a higher GDP per hour than the economy with low rigidity and low taxation, because of less employment but also because of a higher level of part-time work
  • matching, search, hours, staggered bargaining, labor market performance
  • RePEc:red:sed004:301
Language
  • English
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