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overstate distortions caused by unions only holds in the special case of firm-level wage setting. If, however, the union is big … enough to determine employment for the whole sector, it rather depends on both the elasticity of labor demand and union’s … time preference whether static frameworks overrate or even underrate unions’ distortions. …
Persistent link: https://www.econbiz.de/10008671723
-paying jobs are rationed due to (i) oligopolistic market structures, (ii) insider-oriented unions and (iii) international …. It is shown that the negative effects dominate if trade unions are sufficiently insider-oriented. …
Persistent link: https://www.econbiz.de/10009649703
This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the period 1960 to 2000. In contrast to many other studies, we use long time series and analyze cyclically adjusted trend values of the unemployment rate. Our novel contribution is...
Persistent link: https://www.econbiz.de/10009278129
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10010604635
This paper deals with the effects of labour market institutions on labour market performance. We analyse as an indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to keep employment constant). We show for a sample of 17 OECD...
Persistent link: https://www.econbiz.de/10005765814
unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the …
Persistent link: https://www.econbiz.de/10008534009
, high-wage workers are replaced by young low-wage workers. DNWR may also lead to a positive growth in aggregate wages … because of changes in relative wages. We explore industry data for 19 OECD countries, over the period 1971–2006. We find …
Persistent link: https://www.econbiz.de/10005094215
This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on low skilled employment, provided that fiscal...
Persistent link: https://www.econbiz.de/10005406111
This paper examines the impact of tax incentives on corporate research and development (R&D) activity. Traditionally, R&D tax incentives have been provided in the form of special tax allowances and tax credits. In recent years, several countries moreover reduced their income tax rates on R&D...
Persistent link: https://www.econbiz.de/10010627560
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10008572479