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Unions And The Labour Market For Managers

Dinardo, John; Hallock, Kevin F; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

Persistent link: https://www.econbiz.de/10005666977

Bottom-Up Corporate Governance

Landier, Augustin; Sraer, David; Thesmar, David - C.E.P.R. Discussion Papers - 2006

In many instances, 'independently-minded' top-ranking executives can impose strong discipline on their CEO, even though … before the current CEO was appointed. In a very robust way, firms with a smaller fraction of independent executives exhibit …

Persistent link: https://www.econbiz.de/10005136453

Macroeconomic Policy in the Presence of Structural Maladjustment

Gordon, Robert J - C.E.P.R. Discussion Papers - 1996

This paper analyses two-way interactions between structural reform and macroeconomic policy. If structural reforms increase the flexibility of labour markets, they are likely to improve the short-run inflation-unemployment trade-off, providing an incentive for policy-makers to expand aggregate...

Persistent link: https://www.econbiz.de/10005123918

Is the Natural Rate a Reference Point?

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

This paper explores the two common concepts of the natural rate of unemployment: (i) the stable, long-run equilibrium rate of unemployment; and (ii) the equilibrium unemployment rate at which there is no tendency for this rate to change, given the exogenous variables. The first concept (common...

Persistent link: https://www.econbiz.de/10005136587

Regional Labour Market Dynamics in Europe

Decressin, Jörg; Fatás, Antonio - C.E.P.R. Discussion Papers - 1994

The paper investigates regional labour markets dynamics in Europe and compares the results to those obtained for the United States. It analyses to what extent regional employment dynamics are common to all regions in Europe and to all states in the United States. It finds that a higher...

Persistent link: https://www.econbiz.de/10005067526

Employment Dynamics Among British Lone Mothers

Ermisch, John F; Wright, Robert E - C.E.P.R. Discussion Papers - 1989

We adopt a stochastic model of labor market turnover in order to analyze entries to and exits from paid employment by British lone mothers. We estimate the model using demographic and employment history data from the 1980 Women and Employment Survey. The theoretical model predicts that the exit...

Persistent link: https://www.econbiz.de/10005497805

Regret and Jubilation in Union Wage Bargaining

Beenstock, Michael - C.E.P.R. Discussion Papers - 1987

A theoretical model of collective wage bargaining is developed in which unions set wages and employers decide employment. A novel feature of the model is that the conventional expected utility calculus is replaced by one in which regret from failed wage bargains and jubilation from successful...

Persistent link: https://www.econbiz.de/10005497944

New-Keynesian or RBC Transmission? The Effects of Fiscal Shocks in Labour Markets

Pappa, Evi - C.E.P.R. Discussion Papers - 2005

We study the mechanics of transmission of fiscal shocks to labour markets. We characterize a set of robust implications following government consumption, investment and employment shocks in a RBC and a New-Keynesian model and use part of them to identify shocks in the data. In line with the...

Persistent link: https://www.econbiz.de/10005498103

The Macroeconomic Impact of Flexible Labour Contracts: An Application to Spain

Bentolila, Samuel; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1991

This paper constructs a theoretical model to study the effects on employment of the introduction of flexible labour contracts (i.e. with low firing costs), which occurred in many European countries in the 1980s, which it then tests on Spanish data. The model predicts that such contracts increase...

Persistent link: https://www.econbiz.de/10005504305

Labour Markets in the Interwar Period and Economic Recovery in the UK and the USA

Hatton, Timothy J.; Thomas, Mark - C.E.P.R. Discussion Papers - 2010

We examine the labour market experience of the UK and the US in the recessions of the early 1920s and the early 1930s and the subsequent recoveries. These were deep recessions, comparable to that of 2008-9, but the recoveries were very different. In the UK the recovery of the 1920s was...

Persistent link: https://www.econbiz.de/10008611014

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