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Will EMU Increase Eurosclerosis?
Bentolila, Samuel; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2000
In this paper we study the relationship between labour market institutions and monetary policy. We use a simple macroeconomic framework to show how optimal monetary policy rules depend on labour institutions (labour adjustment costs, and nominal and real wage rigidity) and social preferences...
Persistent link: https://www.econbiz.de/10005124134
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The Endogenous Determination of Minimum Wage
Epstein, Gil S; Nitzan, Shmuel - C.E.P.R. Discussion Papers - 1999
In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers' union and of political culture on the determination of the minimum wage. In...
Persistent link: https://www.econbiz.de/10005497998
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Search, Concave Production, and Optimal Firm Size
Smith, Eric - C.E.P.R. Discussion Papers - 1994
This paper presents a simple search and bargaining economy in which firms use concave production. Because a firm and worker negotiate over the worker's marginal productivity, the firm's wage is a function of its labour force. Reacting to this wage function, firms choose an excessively large and...
Persistent link: https://www.econbiz.de/10005656122
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Product Market Integration and Wages: Evidence from a Cross-Section of Manufacturing Establishments in the United Kingdom
Driffill, John; Meschi, Meloria; Ulph, Alistair Mitchell - C.E.P.R. Discussion Papers - 1998
Theory predicts that when economies become more integrated through the removal of tariff and other barriers to trade, resulting in an increase in competition in product markets, there should be effects on wage and employment outcomes in labour markets, particularly those in which unions are...
Persistent link: https://www.econbiz.de/10005666859
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Deunionization, Technical Change and Inequality
Acemoglu, Daron; Aghion, Philippe; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2001
We argue that inequality and rapid deunionization are related, and that skill-biased technical change has been an important factor in deunionization as well as in the rise in inequality. Skill-biased technical change causes deunionization because it increases the outside option of skilled...
Persistent link: https://www.econbiz.de/10005791562
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Did European Labour Markets Become More Competitive in the 1990's? Evidence from Estimated Worker Rents
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2004
This Paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the …
Persistent link: https://www.econbiz.de/10005788867
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Work and Leisure in the US and Europe: Why So Different?
Alesina, Alberto F; Glaeser, Edward L; Sacerdote, Bruce - C.E.P.R. Discussion Papers - 2005
the US and Europe. Another popular view is that these differences are explained by long-standing European ‘culture’, but … the US and Europe. These policies do not seem to have increased employment, but they may have had a more society …
Persistent link: https://www.econbiz.de/10005662089
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The Effects of Technical Change on Labour Market Inequalities
Hornstein, Andreas; Krusell, Per; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2005
also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in … extent of unionization, and the degree of centralization of bargaining. To account for the US-Europe differences, we use a … theory based on institutional differences between the United States and Europe, along with a common acceleration of technical …
Persistent link: https://www.econbiz.de/10005504683
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Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data
Avouyi-Dovi, Sanvi; Fougère, Denis; Gautier, Erwan - C.E.P.R. Discussion Papers - 2010
Using several unique data sets on wage agreements at both the firm- and the industry-levels in France, we examine the impact of typical European wage-setting institutions on the form and the degree of wage rigidity. We highlight different stylized facts concerning wage stickiness. First, in...
Persistent link: https://www.econbiz.de/10008554243
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Product Market Integration, Wages and Inequality
Andersen, Torben M; Sorensen, Allan - C.E.P.R. Discussion Papers - 2005
International integration strengthening intra-industrial trade may have important implications for employment, wages and inequality. The reason is that product market integration enhances export possibilities through easier access to foreign markets, but also import threats arising from foreign...
Persistent link: https://www.econbiz.de/10005123528