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Wage Determination and Imperfect Competition

Booth, Alison L. - Institute for the Study of Labor (IZA) - 2014

A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...

Persistent link: https://www.econbiz.de/10010959709

Trade Liberalization and Labor-Demand Elasticities: Empirical Evidence from Tunisia

Haouas, Ilham; Yagoubi, Mahmoud - Institute for the Study of Labor (IZA) - 2004

This paper investigates the effects of trade liberalization on labor demand elasticities. Employment demand equation is estimated by using data (1971-1996) for manufacturing industries in Tunisia. Results from empirical testing using the model find a weak support for the idea assuming that trade...

Persistent link: https://www.econbiz.de/10005762362

Estimating the Wage Elasticity of Labour Supply to a Firm: What Evidence Is There for Monopsony?

Booth, Alison L.; Katic, Pamela - Institute for the Study of Labor (IZA) - 2010

In this paper we estimate the elasticity of the labour supply to a firm, using data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. Estimation of this elasticity is of particular interest not only in its own right but also because of its relevance to the debate about...

Persistent link: https://www.econbiz.de/10008564698

Labour and Product Market Reforms: A Case for Policy Complementarity

Amable, Bruno; Gatti, Donatella - Institute for the Study of Labor (IZA) - 2004

This paper is a contribution to the debate on policy complementarity in relation to deregulation in the product and labour markets. We develop a model of dynamic efficiency wages and monopolistic competition. Whereas most of the literature points toward the gains associated to an increase in...

Persistent link: https://www.econbiz.de/10005822508

The Impact of Product Market Competition on Employment and Wages

Amable, Bruno; Gatti, Donatella - Institute for the Study of Labor (IZA) - 2001

Standard economic wisdom generally stresses the benefits of increased competition on the product market. This paper proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment, where wages are determined according to an efficiency...

Persistent link: https://www.econbiz.de/10005700853

Market Distortions and Local Indeterminacy: A General Approach

Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - Institute for the Study of Labor (IZA) - 2011

We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are particular cases of our framework. Comparing them we obtain several equivalence results in terms...

Persistent link: https://www.econbiz.de/10008922965

The Design of Insurance Coverage for Medical Products under Imperfect Competition

Bardey, David; Cremer, Helmuth; Lozachmeur, Jean-Marie - Institute for the Study of Labor (IZA) - 2015

This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the market for the medical product. Various scenarios, such as monopoly pricing, price negotiation or horizontal differentiation are considered. The insurance contract specifies...

Persistent link: https://www.econbiz.de/10011163490

Industrialization Lessons from BRICS: A Comparative Analysis

Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013

Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of … de-industrialization (Brazil, Russia and South Africa). China is the only country where an expanding manufacturing sector …

Persistent link: https://www.econbiz.de/10010884080

Yuan and Roubles: Comparing Wage Determination in Urban China and Russia at the Beginning of the New Millennium

Gustafsson, Björn Anders; Li, Shi; Nivorozhkina, Ludmila; … - Institute for the Study of Labor (IZA) - 2014

Earnings inequality and earnings determination in urban China 2002 and Russia 2003 are compared using samples covering … and is found to be similar across countries. As at the end of the 1980s, the gender wage gap is larger in Russia where … become stronger than in Russia. The earnings penalty of being employed in the public service sector in Russia has increased …

Persistent link: https://www.econbiz.de/10010884151

Why Do Russian Firms Use Fixed-Term and Agency Work Contracts?

Smirnykh, Larisa; Wörgötter, Andreas - Institute for the Study of Labor (IZA) - 2013

This study looks into the use of fixed term contracts and agency work in Russia during and shortly after the crisis …

Persistent link: https://www.econbiz.de/10010884399