Hansen, Jørgen Drud; Molana, Hassan; Montagna, Catia; … - Nationalökonomisk Institut, Institut for Økonomi - 2010
extent of openness is measured by the degree of capital mobility. We find that: coordination lowers equilibrium work hours … and raises the wage rate; there is a U-shaped (inverse-U-shaped) relationship between work hours (wages) and the degree of … coordination; coordination is welfare improving; and, the gap between the coordinated and uncoordinated work hours (and the …