Bargaining over productivity and wages when technical change is induced: implications for growth, distribution, and employment (original) (raw)

Bargaining over productivity and wages when technical change is induced: implications for growth, distribution, and employment

Journal of Economics, 2013

Abstract

Abstract In a simple one-sector economy operating at full capacity, workers and firms bargain `a la [Nash (1950)] over wages and productivity gains taking into account the trade-offs faced by firms in choosing factor-augmenting tech-nologies. The aggregate environment ...

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