Showing 1 - 10 of 148
-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
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
We study how two distinct forms of globalisation, trade cost reductions and opening up of trade in previously shielded … equilibrium (GOLE) with partly unionised labour markets. We find that both forms of globalisation increase union coverage, and … aggregate welfare are affected differently by the two types of globalisation. Trade cost reductions in open sectors always lead …
Persistent link: https://www.econbiz.de/10008914268
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm’s operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10010877908
We analyze the effect of exposure to international trade on earnings and employment of U.S. workers from 1992 through 2007 by exploiting industry shocks to import competition stemming from China’s spectacular rise as a manufacturing exporter paired with longitudinal data on individual earnings...
Persistent link: https://www.econbiz.de/10010948900
The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...
Persistent link: https://www.econbiz.de/10010948905
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10008671733
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
Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in …
Persistent link: https://www.econbiz.de/10011086453
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