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Equalizing Wage Differences and Bargaining Power: Evidence from a Panel of French Firms
Cahuc, Pierre; Gianella, Christian; Goux, Dominique; … - C.E.P.R. Discussion Papers - 2002
differences: workers who take into account their intertemporal discounted income will support lower wages when they benefit from … lower unemployment risks within their firm. In our model, wages are set to maximize a Nash bargain criterion, and according …
Persistent link: https://www.econbiz.de/10005124297
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Venture Capital Financing: The Role of Bargaining Power and the Evolution of Informational Asymmetry
Koskinen, Yrjö; Rebello, Michael; Wang, Jun - C.E.P.R. Discussion Papers - 2006
We model a situation where the entrepreneur has an informational advantage during the early stages of an investment project while the venture capitalist has the informational advantage during the later stages. We examine how this evolution of informational asymmetry affects venture investment...
Persistent link: https://www.econbiz.de/10005067345
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Debt Concentration and Bargaining Power: Large Banks, Small Banks, and Secondary Prices
Fernández, Raquel; Ozler, Sule - C.E.P.R. Discussion Papers - 1997
Commercial bank debts of developing countries are held by a heterogenous group of banks. Here we focus on the distinction between large international money-centre banks and smaller domestic banks. In particular we investigate the role of debt concentration – the amount of a country’s debt...
Persistent link: https://www.econbiz.de/10005656170
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Equilibrium Exchange Rate Policies: Complicit Renegotiation-Proof Outcomes
Mella-Barral, Pierre; Vitale, Paolo - C.E.P.R. Discussion Papers - 2001
Countries can repeatedly and opportunistically renegotiate the terms of agreements to which they can only complicitly assent. Therefore, when attempting to coordinate exchange rate policies, they continuously play partnership games. We develop a reduced form model of exchange rate management...
Persistent link: https://www.econbiz.de/10005662214
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International Business Cycle Spillovers
Yilmaz, Kamil - C.E.P.R. Discussion Papers - 2010
This paper studies business cycle interdependence among the industrialized countries since 1958. Using the spillover index methodology recently proposed by Diebold and Yilmaz (2009) and based on the generalized VAR framework, I develop an alternative measure of comovement of macroeconomic...
Persistent link: https://www.econbiz.de/10011083760
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Unemployment, Real Wages and Union Membership
Schmidt, Christoph M; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 1993
with a high level of real wages, a small dispersion of wages, and with a relatively large share of aggregate income going …
Persistent link: https://www.econbiz.de/10005656160
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Union Membership and Wage Bargaining When Membership is Not Compulsory
Booth, Alison L; Chatterji, Monojit - C.E.P.R. Discussion Papers - 1994
This paper develops a theoretical model of the <MI>simultaneous<D> determination of union wages and union membership … union wages. Although some empirical studies have effectively endogenized membership to control for simultaneity, the … for estimation of manual wages and union density for the private sector. The results reveal that for our particular data …
Persistent link: https://www.econbiz.de/10005666596
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Machines and machinists: Capital-skill complementarity from an international trade perspective
Csillag, Márton; Koren, Miklós - C.E.P.R. Discussion Papers - 2011
We estimate the effect of imported machines on the wages of machine operators utilizing Hungarian linked employer … the worker. We find that workers exposed to imported machines earn about 8 percent higher wages than other machine …
Persistent link: https://www.econbiz.de/10008921775
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Self-employment of rural-to-urban migrants in China
Giulietti, Corrado; Ning, Guangjie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2011
This paper focuses on the determinants of self-employment among rural to urban migrants in China. Two self-selection mechanisms are analysed: the first relates to the manner in which migrants choose self-employment or paid work based on the potential gains from either type of employment; the...
Persistent link: https://www.econbiz.de/10009205061
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Services offshoring and wages: Evidence from micro data
Geishecker, Ingo; Görg, Holger - C.E.P.R. Discussion Papers - 2011
This paper investigates the effects of services offshoring on wages using individual-level data combined with industry … real wages. Hence, offshoring has contributed to a widening of the wage gap between skilled and less skilled workers. This …
Persistent link: https://www.econbiz.de/10009359484