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Real and Nominal Wage Adjustment in Open Economies

Forslund, Anders; Gottfries, Nils; Westermark, Andreas - CESifo - 2006

How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages and competitiveness? To answer these questions, we...

Persistent link: https://www.econbiz.de/10005094255

Real and Nominal Wage Adjustment in Open Economies

Forslund, Anders; Gottfries, Nils; Westermark, Andreas - Nationalekonomiska Institutionen, Uppsala Universitet - 2005

theoretical model we interpret this as evidence of union bargaining power. Unemployment benefits have substantial effects on wages …

Persistent link: https://www.econbiz.de/10005642494

Real and nominal wage adjustment in open economies

Forslund, Anders; Gottfries, Nils; Westermark, Andreas - Institutet för Arbetsmarknads- och Utbildningspolitisk … - 2005

How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the medium term evolution of real wages and competitiveness? To answer these...

Persistent link: https://www.econbiz.de/10005651878

Wages, Unemployment, and the Underground Economy

Kolm, Ann-Sofie; Larsen, Birthe - CESifo - 2003

unemployment. A higher audit rate has an ambiguous impact on unemployment, and may actually increase the size of the underground …

Persistent link: https://www.econbiz.de/10005766198

Wages, Unemployment, and the Underground Economy

Kolm, Ann-Sofie; Larsen, Birthe - Nationalekonomiska Institutionen, Uppsala Universitet - 2001

both sectors, and (iii) reduces the unemployment rate. The effect of a higher audit rate is less clear. We find that a … ambiguous impact on unemployment and real wages. …

Persistent link: https://www.econbiz.de/10005644617