Showing 1 - 10 of 55
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
This paper shows that labor market institutions are important for the formation of new enterprises. The effects of labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated numerically. The main result is that an increase in union...
Persistent link: https://www.econbiz.de/10005181309
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
innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union’s …
Persistent link: https://www.econbiz.de/10005405807
-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
A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or “a floor” for the aggregate wage growth at positive or negative levels. Aggregate wage...
Persistent link: https://www.econbiz.de/10005094215