{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,4]],"date-time":"2026-03-04T07:04:33Z","timestamp":1772607873905,"version":"3.50.1"},"reference-count":23,"publisher":"Elsevier BV","license":[{"start":{"date-parts":[[2026,3,1]],"date-time":"2026-03-01T00:00:00Z","timestamp":1772323200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/tdm\/userlicense\/1.0\/"},{"start":{"date-parts":[[2026,3,1]],"date-time":"2026-03-01T00:00:00Z","timestamp":1772323200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/legal\/tdmrep-license"},{"start":{"date-parts":[[2026,3,1]],"date-time":"2026-03-01T00:00:00Z","timestamp":1772323200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-017"},{"start":{"date-parts":[[2026,3,1]],"date-time":"2026-03-01T00:00:00Z","timestamp":1772323200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-037"},{"start":{"date-parts":[[2026,3,1]],"date-time":"2026-03-01T00:00:00Z","timestamp":1772323200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-012"},{"start":{"date-parts":[[2026,3,1]],"date-time":"2026-03-01T00:00:00Z","timestamp":1772323200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-029"},{"start":{"date-parts":[[2026,3,1]],"date-time":"2026-03-01T00:00:00Z","timestamp":1772323200000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-004"}],"funder":[{"DOI":"10.13039\/501100006013","name":"United Arab Emirates University","doi-asserted-by":"publisher","id":[{"id":"10.13039\/501100006013","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":["elsevier.com","sciencedirect.com"],"crossmark-restriction":true},"short-container-title":["Mathematical Social Sciences"],"published-print":{"date-parts":[[2026,3]]},"DOI":"10.1016\/j.mathsocsci.2026.102505","type":"journal-article","created":{"date-parts":[[2026,1,15]],"date-time":"2026-01-15T00:05:36Z","timestamp":1768435536000},"page":"102505","update-policy":"https:\/\/doi.org\/10.1016\/elsevier_cm_policy","source":"Crossref","is-referenced-by-count":0,"special_numbering":"C","title":["The impact of asset bubbles on capital and employment: The roles of labor unions and capital externality"],"prefix":"10.1016","volume":"140","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-7291-8214","authenticated-orcid":false,"given":"Kathia","family":"Bahloul Zekkari","sequence":"first","affiliation":[]}],"member":"78","reference":[{"key":"10.1016\/j.mathsocsci.2026.102505_b1","doi-asserted-by":"crossref","DOI":"10.1016\/j.jmateco.2023.102930","article-title":"Asset bubble and growth: Elastic labor supply with fiscal policy","volume":"110","author":"Bahloul Zekkari","year":"2024","journal-title":"J. Math. Econom."},{"key":"10.1016\/j.mathsocsci.2026.102505_b2","doi-asserted-by":"crossref","DOI":"10.1016\/j.econlet.2020.109537","article-title":"Asset bubble and endogenous labor supply: a clarification","volume":"196","author":"Bahloul Zekkari","year":"2020","journal-title":"Econom. Lett."},{"key":"10.1016\/j.mathsocsci.2026.102505_b3","doi-asserted-by":"crossref","first-page":"209","DOI":"10.1016\/0304-3932(92)90013-R","article-title":"External effects in US procyclical productivity","volume":"29","author":"Caballero","year":"1992","journal-title":"J. Monet. Econ."},{"key":"10.1016\/j.mathsocsci.2026.102505_b4","doi-asserted-by":"crossref","first-page":"323","DOI":"10.1111\/j.1468-0262.2006.00665.x","article-title":"Wage bargaining with on-the-job search: Theory and evidence","volume":"74","author":"Cahuc","year":"2006","journal-title":"Econometrica"},{"key":"10.1016\/j.mathsocsci.2026.102505_b5","first-page":"93","article-title":"Why are saving rates of urban households in China rising?","volume":"2","author":"Chamon","year":"2010","journal-title":"Am. Econ. J.: Macroecon."},{"key":"10.1016\/j.mathsocsci.2026.102505_b6","first-page":"54","article-title":"Productivity and the density of economic activity","volume":"86","author":"Ciccone","year":"1996","journal-title":"Am. Econ. Rev."},{"key":"10.1016\/j.mathsocsci.2026.102505_b7","doi-asserted-by":"crossref","first-page":"629","DOI":"10.1007\/s00199-004-0510-8","article-title":"Endogenous fluctuations in unionized economies with productive externalities","volume":"26","author":"Coimbra","year":"2005","journal-title":"Econom. Theory"},{"key":"10.1016\/j.mathsocsci.2026.102505_b8","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1002\/jae.1256","article-title":"Panel data estimates of the production function and product and labor market imperfections","volume":"28","author":"Dobbelaere","year":"2013","journal-title":"J. Appl. Econometrics"},{"key":"10.1016\/j.mathsocsci.2026.102505_b9","doi-asserted-by":"crossref","first-page":"678","DOI":"10.1093\/restud\/rdr039","article-title":"Bubbly liquidity","volume":"79","author":"Farhi","year":"2012","journal-title":"Rev. Econ. Stud."},{"key":"10.1016\/j.mathsocsci.2026.102505_b10","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1016\/0304-3932(93)90014-7","article-title":"Asset bubbles and endogenous growth","volume":"31","author":"Grossman","year":"1993","journal-title":"J. Monet. Econ."},{"key":"10.1016\/j.mathsocsci.2026.102505_b11","doi-asserted-by":"crossref","DOI":"10.1016\/j.jmacro.2020.103212","article-title":"Asset bubbles, unemployment, and a financial crisis","volume":"65","author":"Hashimoto","year":"2020","journal-title":"J. Macroecon."},{"key":"10.1016\/j.mathsocsci.2026.102505_b12","doi-asserted-by":"crossref","first-page":"406","DOI":"10.1093\/restud\/rdw059","article-title":"Asset bubbles, endogenous growth, and financial frictions","volume":"84","author":"Hirano","year":"2017","journal-title":"Rev. Econ. Stud."},{"key":"10.1016\/j.mathsocsci.2026.102505_b13","doi-asserted-by":"crossref","first-page":"591","DOI":"10.2307\/2227704","article-title":"A model of economic growth","volume":"67","author":"Kaldor","year":"1957","journal-title":"Econ. J."},{"key":"10.1016\/j.mathsocsci.2026.102505_b14","doi-asserted-by":"crossref","first-page":"545","DOI":"10.1093\/wber\/14.3.545","article-title":"Household saving in China","volume":"14","author":"Kraay","year":"2000","journal-title":"World Bank Econ. Rev."},{"key":"10.1016\/j.mathsocsci.2026.102505_b15","doi-asserted-by":"crossref","first-page":"70","DOI":"10.1016\/j.jmoneco.2016.07.001","article-title":"Asset bubbles, economic growth, and a self-fulfilling financial crisis","volume":"82","author":"Kunieda","year":"2016","journal-title":"J. Monet. Econ."},{"key":"10.1016\/j.mathsocsci.2026.102505_b16","doi-asserted-by":"crossref","first-page":"273","DOI":"10.1007\/s00199-015-0906-7","article-title":"Stock market bubbles and unemployment","volume":"61","author":"Miao","year":"2016","journal-title":"Econom. Theory"},{"key":"10.1016\/j.mathsocsci.2026.102505_b17","doi-asserted-by":"crossref","first-page":"145","DOI":"10.1257\/002205104773558074","article-title":"The Chinese saving puzzle and the life-cycle hypothesis","volume":"42","author":"Modigliani","year":"2004","journal-title":"J. Econ. Lit."},{"key":"10.1016\/j.mathsocsci.2026.102505_b18","doi-asserted-by":"crossref","first-page":"576","DOI":"10.2307\/2232551","article-title":"The microeconomic theory of the trade union","volume":"92","author":"Oswald","year":"1982","journal-title":"Econ. J."},{"key":"10.1016\/j.mathsocsci.2026.102505_b19","doi-asserted-by":"crossref","first-page":"1002","DOI":"10.1086\/261420","article-title":"Increasing returns and long-run growth","volume":"94","author":"Romer","year":"1986","journal-title":"J. Political Econ."},{"key":"10.1016\/j.mathsocsci.2026.102505_b20","doi-asserted-by":"crossref","first-page":"1243","DOI":"10.2307\/2118387","article-title":"Fiscal policy in an endogenous growth model","volume":"107","author":"Saint-Paul","year":"1992","journal-title":"Q. J. Econ."},{"key":"10.1016\/j.mathsocsci.2026.102505_b21","doi-asserted-by":"crossref","first-page":"164","DOI":"10.1016\/j.econlet.2014.02.002","article-title":"Asset bubbles in an overlapping generations model with endogenous labor supply","volume":"123","author":"Shi","year":"2014","journal-title":"Econom. Lett."},{"key":"10.1016\/j.mathsocsci.2026.102505_b22","doi-asserted-by":"crossref","first-page":"1499","DOI":"10.2307\/1913232","article-title":"Asset bubbles and overlapping generations","volume":"53","author":"Tirole","year":"1985","journal-title":"Econometrica"},{"key":"10.1016\/j.mathsocsci.2026.102505_b23","doi-asserted-by":"crossref","first-page":"1","DOI":"10.2307\/1884677","article-title":"Confidence and the real value of money in an overlapping generations economy","volume":"102","author":"Weil","year":"1987","journal-title":"Q. J. Econ."}],"container-title":["Mathematical Social Sciences"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0165489626000120?httpAccept=text\/xml","content-type":"text\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0165489626000120?httpAccept=text\/plain","content-type":"text\/plain","content-version":"vor","intended-application":"text-mining"}],"deposited":{"date-parts":[[2026,3,4]],"date-time":"2026-03-04T05:04:56Z","timestamp":1772600696000},"score":1,"resource":{"primary":{"URL":"https:\/\/linkinghub.elsevier.com\/retrieve\/pii\/S0165489626000120"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2026,3]]},"references-count":23,"alternative-id":["S0165489626000120"],"URL":"https:\/\/doi.org\/10.1016\/j.mathsocsci.2026.102505","relation":{},"ISSN":["0165-4896"],"issn-type":[{"value":"0165-4896","type":"print"}],"subject":[],"published":{"date-parts":[[2026,3]]},"assertion":[{"value":"Elsevier","name":"publisher","label":"This article is maintained by"},{"value":"The impact of asset bubbles on capital and employment: The roles of labor unions and capital externality","name":"articletitle","label":"Article Title"},{"value":"Mathematical Social Sciences","name":"journaltitle","label":"Journal Title"},{"value":"https:\/\/doi.org\/10.1016\/j.mathsocsci.2026.102505","name":"articlelink","label":"CrossRef DOI link to publisher maintained version"},{"value":"article","name":"content_type","label":"Content Type"},{"value":"\u00a9 2026 Published by Elsevier B.V.","name":"copyright","label":"Copyright"}],"article-number":"102505"}}