employment when labour markets are unionised and the revenues of the firms are stochastic. We use the basic monopoly union … approach of wage and employment determination and assume that unemployment benefits are financed by employees’ UI contributions … to the union’s UI fund and by the government’s tax revenue. The main focus of this paper is on the effects of UI buffer …

contrary, if mobility costs are low a static efficiency outweighs a dynamic costs associated to reallocation. Employment …

trade unions. We use a simple set up in order to clearly expose the basic mechanisms that also work in more complex …

trade unions. We use a simple set up in order to clearly expose the basic mechanisms that also work in more complex …

employment performance than decentralised ones. We apply static and dynamic panel data techniques to a panel of EU countries. Our …

difficult to implement corporatism, although it generally increases social welfare, since it often reduces the union’s utility …

welfare, since it often reduces the union’s utility. In particular, we show that an inflation-neutral union will never find it …

of employment only when unions co-operate and we are in a regime where the impact of domestic prices on employment … is to examine: a) the possibility for trade unions of internalising external effects stemming from wage setting in a … through the terms of trade is higher than the impact of domestic prices on employment through the CPI; in this case, a gain in …