Similar Search Results

Wage Bargaining, Labor Turnover, and the Business Cycle : A Model with Asymmetric Information

Perry, Motty - 1984

This paper presents a wage bargaining model in which the employer and employee are each uncertain about the other's reservation wage. Under specified circumstances, the model's equilibrium is shown to involve unilateral wage setting and inefficient labor turnover. In addition, aggregate demand...

Persistent link: https://www.econbiz.de/10012477733

Collective Bargaining and Compulsory Arbitration : Prescriptions for the Blue Flu

Ichniowski, Casey - 1981

This paper reveals that municipal police departments are much less likely to strike in states that have collective bargaining laws than in states with no police bargaining law or when police bargaining has been outlawed. Unlike previous research which has used the state as the unit of...

Persistent link: https://www.econbiz.de/10012478346

Cyclical Wages in a Search-and-Bargaining Model with Large Firms

Rotemberg, Julio J. - 2006

This paper presents a complete general equilibrium model with flexible wages where the degree to which wages and productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are assumed to bargain simultaneously with many employees,...

Persistent link: https://www.econbiz.de/10012466250

The Quality of Labor Relations and Unemployment

Blanchard, Olivier - 2004

In countries where wages are primarily set by collective bargaining, the effects on unemployment of changes in the economic environment depend crucially on the speed of learning of unions. This speed of learning is likely to depend in turn on the quality of the dialogue that unions have with...

Persistent link: https://www.econbiz.de/10012468103

The Costs of Price Stability - Downward Nominal Wage Rigidity in Europe

Holden, Steinar - 2002

In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. I show that this feature implies that workers have a strategic advantage in the wage negotiations when they try to prevent a cut in nominal wages. If inflation is so...

Persistent link: https://www.econbiz.de/10012469850

Cyclical Movements in Wages and Consumption in a Bargaining Model of Unemployment

Rotemberg, Julio J. - 1998

This paper considers a model where individual workers bargain with firms over their wages and where their bargaining power is so strong that some workers are unemployed. The result is that an increase in the elasticity of demand facing individual firms raises employment (as in the case where the...

Persistent link: https://www.econbiz.de/10012472360

Institutions and Labor Reallocation

Bertola, Giuseppe - 1996

Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar across European and North American labor markets. This paper shows that relative-wage compression is conducive to higher employer-initiated job turnover, and argues...

Persistent link: https://www.econbiz.de/10012473000

Unemployment and Business Cycles

Christiano, Lawrence J. - 2013

We develop and estimate a general equilibrium search and matching model that accounts for key business cycle properties of macroeconomic aggregates, including labor market variables. In sharp contrast to leading New Keynesian models, we do not impose wage inertia. Instead we derive wage inertia...

Persistent link: https://www.econbiz.de/10012459395

Unemployment Crises

Petrosky-Nadeau, Nicolas - 2013

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can potentially explain the large unemployment dynamics in the Great Depression. The limited response of wages to labor market conditions from credible bargaining and the congestion...

Persistent link: https://www.econbiz.de/10012459456

Labor Market Tightness and Union Activity

Pezold, Chantal; Jäger, Simon; Nüß, Patrick - National Bureau of Economic Research - 2023

beliefs about labor market tightness moderately raises support for union activity. Effect sizes are small as they imply that … moving from trough to peak of the business cycle increases workers' probability of voting for a union by one percentage point … counties over several decades. We find no systematic effect of changes in aggregate labor market tightness on union membership …

Persistent link: https://www.econbiz.de/10014447309

1
2
3
4
5
6
7
8
9
Next
Last