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Création de valeur actionnariale et chômage dans un modèle WS-PS

Author

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  • Nicolas Piluso

Abstract

The purpose of the article is to analyse the consequences of the constraint of shareholder value on the wage level and equilibrium unemployment rate. We will relate the new program of maximization of the firm, as well as the one of the trade union. We obtain an increase of the unemployment rate when progressing from a maximization of profit to a maximization of the EVA. The unemployment rate is also now depending on others financial variables.

Suggested Citation

  • Nicolas Piluso, 2006. "Création de valeur actionnariale et chômage dans un modèle WS-PS," EconomiX Working Papers 2006-15, University of Paris Nanterre, EconomiX.
    • Handle: RePEc:drm:wpaper:2006-15
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    More about this item

    Keywords

    Equilibrium unemployment; shareholder value; shareholding-employee; equilibrium wages; trade-union negotiations.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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