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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

Wage Bargaining, Privatisation, Ability to Pay, and Outside Options – Evidence from Hungary

Mickiewicz, Tomasz; Köllo, Janos - Centre for Comparative Economics, School of Slavonic … - 2004

effects, where unemployment modify the impact of availability of rents on wages. We interpret our results as an indication … indicator of reservation wage which is closest to the theoretical model specification and combines sectoral wages, unemployment … benefits and regional unemployment levels,. We found that measure performing well. Finally, we found that while responsiveness …

Persistent link: https://www.econbiz.de/10008631137

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