Data di Pubblicazione:
2003
Citazione:
Can Market Power Influence Employment, Wage Inequality and Growth? / A. Bucci, F. Fiorillo, S. Staffolani. - In: METROECONOMICA. - ISSN 0026-1386. - 54:2-3(2003), pp. 129-160.
Abstract:
We introduce an efficiency wage mechanism into an innovation-driven growth model. Due to asymmetric
information problems the labour market is segmented and homogeneous workers may be
employed either in the non-competitive intermediate sector or in the competitive research sector. We
analyse the impact that the monopoly position enjoyed by intermediate firms in the product market
may have on employment, wage inequality and growth, and the sectoral distribution of workers. We
find that the lower the product market competition in the capital goods sector, the higher the research
employment, the lower the intermediate sector employment and the higher the growth rate. The relationships
between growth and inequality, on the one hand, and between growth and employment, on
the other, are both negative.
Tipologia IRIS:
01 - Articolo su periodico
Elenco autori:
A. Bucci, F. Fiorillo, S. Staffolani
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