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This paper derives and then estimates a model of employment where unions and firms bargain over wages and possibly … employment, and efficiency wage considerations may be important. It illustrates the difficulties involved in interpreting many … existing attempts to discriminate between alternative models. The results (based on over 200 UK firms) suggest that employment …
Persistent link: https://www.econbiz.de/10005661631
negotiations. Wage and employment decisions are assumed to be made before business conditions are known; thus these decisions … effectiveness of various government policies on production, employment, and pricing. Hysteresis is shown to be a special case in a …
Persistent link: https://www.econbiz.de/10005661965