centralized bargaining agreements indeed have economically and statistically significantly larger total factor productivities and … scale elasticities than comparable establishments outside the centralized bargaining regime. …

proximate causes have been reversed (e.g., after wages in the high-unemployment regions have fallen relative to those in the low … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

wages positively correlated with the size of the firm employing them. To explain these findings the author augments the … their counterparts in smaller firms, while the laborers of the larger firms receive higher wages to compensate them for the …

economies. Based on the neoclassical tradition, the ratio of the marginal product of labor to real wages is generally defined as …

We investigate the impact of offshoring on individual level wages and unemployment probabilities and pay particular … significant reduction in wages as materials offshoring increases, while permanent workers’ wages are unaffected or even tend to … effects on either wages or employment probabilities in manufacturing. In the service industries, workers are affected in terms …

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … implications of how the sticky wages enter into the hiring decision, and there seems to be a tradeoff between generating business …

offshoring mainly through changes in relative wages rather than changes in relative employment. This runs counter to the … classical argument that German labour market institutions (collective bargaining, unemployment benefits, etc.) lead to rigid …