This thesis has aimed to explore the strategy chosen by unions in multinationals which in turn would influence the union’s behaviour towards the management in the so-called ‘neo-liberalism’ environment. Multinationals were chosen for this thesis as multinationals have been among the role...

This thesis contains two lines of research. The first applies the strategic decision-making theory of the firm to the issue of corporate governance. We find that preferences vary over strategy but not all interests are currently being represented, resulting in a failure to govern in the public...

My thesis contributes to research on the consequences of labour market institutions for employment using an original Greek dataset I have constructed, the TERS. This survey gives a representative sample of micro-enterprises as well as small and medium enterprises. I investigate whether firms use...

When taking into account time, services can experience similar productivity gains as manufacturing. Motion pictures constituted the first technology that industrialized a labour-intensive service. Measuring output in time spent consuming them doubles output growth from 4.2 to as much as 9...

Labor’s share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network...

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity miracle” is due to a natural advantage of being located in the US then...

There has been a remarkable increase in wage inequality in the US, UK and many other countries over the past three decades. A significant part of this appears to be within observable groups (such as age-gender-skill cells). A generally untested implication of many theories rationalizing the...

Focusing on homogeneous beliefs, we can distinguish two commonly shared ideas that, i) the competition between informed traders destroys their trading profits, ii) trading with a noisy signal brings about a loss in the expected profits. So far, it has been proved in the latter framework, that...

The fall in output and employment, and the rise in unemployment, during the transition in Bulgaria have been exceptionally severe. This paper examines possible causes, including the role of the financial stabilisation package, collective bargaining and the excess wage tax, the gradual emergence...

In this paper we highlight certain links between unemployment, savings and growth. Using a standard overlapping generations framework modified to incorporate matching frictions in the labour market and a technology capable of yielding unbounded endogenous growth, we show that the cross-country...