(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner’s model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade … unions lower their claims for wage mark-ups resulting in lower wage growth and lower unemployment. This paper uses …

identification. On the return to work after the birth, mothers’ wages drop by 3 to 5.7 per cent per year of leave. We find negative …

Rent-sharing between firm owners and workers is a robust empirical finding. If workers bargain with firms, information …

development of wages and employment across skill groups, there is considerable disagreement to explain these trends, in particular …

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the …

increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … knowledge sector is bounded, as productivity increases, the economy moves from a “Solovian zone“ where wages increase with … profits to workers in the production sectors always benefits arbitrarily poor workers regardless of their distortionary effect …

altruistic managers may offer lower wages and nevertheless build up better social-exchange relationships with their employees …