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Unions and the Labor Market for Managers

DiNardo, John; Hallock, Kevin F.; Pischke, Jörn-Steffen - Institute for the Study of Labor (IZA) - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

Persistent link: https://www.econbiz.de/10005233814

Catastrophic Job Destruction

Carneiro, Anabela; Portugal, Pedro; Varejão, José - Institute for the Study of Labor (IZA) - 2013

In this article we study the resilience of the Portuguese labor market, in terms of job flows, employment and wage developments, in the context of the current recession. We single out the huge contribution of job destruction, especially due to the closing of existing firms, to the dramatic...

Persistent link: https://www.econbiz.de/10010884099

30,000 Minimum Wages: The Economic Effects of Collective Bargaining Extensions

Martins, Pedro S. - Institute for the Study of Labor (IZA) - 2014

Several countries extend collective bargaining agreements to entire sectors, therefore binding non-subscriber workers and employers. These extensions may address coordination issues but may also distort competition by imposing sector-specific minimum wages and other work conditions that are not...

Persistent link: https://www.econbiz.de/10010959582

Wage Rigidity and Job Creation

Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2008

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...

Persistent link: https://www.econbiz.de/10005233819

Reasons for Wage Rigidity in Germany

Franz, Wolfgang; Pfeiffer, Friedhelm - Institute for the Study of Labor (IZA) - 2006

This study investigates institutional and economic reasons for downward wage rigidity regarding three occupational skill groups. Based on a survey of 801 firms in Germany and an econometric analysis, we find strong support for explanations based on the effects of labour union contracts and...

Persistent link: https://www.econbiz.de/10005703168

Preferences for Collective versus Individualised Wage Setting

Boeri, Tito; Burda, Michael C. - Institute for the Study of Labor (IZA) - 2008

Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination. This paper models wage rigidity and collective bargaining endogenously, when workers differ by observable skill and may adopt either individualized or collective wage...

Persistent link: https://www.econbiz.de/10005822266

Heterogeneity in Real Wage Cyclicality

Martins, Pedro Silva - Institute for the Study of Labor (IZA) - 2007

This paper presents evidence that real wage cyclicality can be a particularly heterogeneous parameter, depending on different worker characteristics and also on the specific stage of the business cycle. Using matched employer-employee panel data for Portugal covering the period 1986-2004, real...

Persistent link: https://www.econbiz.de/10005822281

On Reputation: A Microfoundation of Contract Enforcement and Price Rigidity

Fehr, Ernst; Brown, Martin; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008

We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...

Persistent link: https://www.econbiz.de/10005822329

Tarifpolitik und Entgeltflexibilität in Ostdeutschland

Bonin, Holger - Institute for the Study of Labor (IZA) - 2005

Der Beitrag beschreibt die Lohnpolitik in Ostdeutschland seit der Wiedervereinigung und präsentiert empirische Evidenz für die Hypothese, dass überhöhte Tarifabschlüsse das aus dem Westen übernommene Flächentarifvertragssystem geschwächt haben. Hierfür sprechen der abnehmende...

Persistent link: https://www.econbiz.de/10005822684

Do Emotions Improve Labor Market Outcomes?

Goette, Lorenz; Huffman, David - Institute for the Study of Labor (IZA) - 2005

This chapter argues that the neglect of emotion in economic models explains their inability to predict important aspects of the labor market. We focus on one example: firms frequently cut real wages, increasing nominal wages by less than the inflation rate, but they very seldom cut nominal...

Persistent link: https://www.econbiz.de/10005763663