utility. We show for a wage bargaining model that a stronger earningsrelationship of unemployment benefits may reduce wages …Evidently, the benefit-structure of the unemployment insurance has a significant influence onprofits and trade union … and increase employment. Thisraises the question as to how the benefit structure is determined in the political process... …

We offer a unified framework to analyze the determination of employment, employee effort, wages, profit sharing and … capital structure when firms face stochastic revenue shocks. We apply a generalized Nash bargaining solution, which extends … the wage bargaining literature by incorporating efficiency wage considerations, profit sharing and capital structure. The …

We evaluate the effects of outsourcing and wage solidarity on wage formation andequilibrium unemployment in a …

Finnish unemployment rose in the early 1990s from 3% to 18% in just four years. It has since fallen back to the average … unemployment. We then discuss and research the role of labour market institutions in the adjustment process that has brought … unemployment back to a ‘normal’ level. We argue that these institutions cannot be blamed for the increase in unemployment, but that …