(votes) than all other blockholders together, pay their workers about 6%, or $2,200 per year, higher wages. Since cash flow … with an agency model in which entrenched managers pay high wages because they come with private benefits, such as lower …

more layers are larger in size, in value added, and they pay higher wages. Firms are hierarchal in that lower layers have …/value added and decreases in mean firm wages (at pre-existing layers). The reverse holds for removing layers. This result also … holds for layer by layer mean size and wages for a majority of pre-existing layers. …

This paper considers the effects of union-bargained minimum wages on transitions into and out of employment in the … input, high worker turnover and binding minimum wages. The empirical approach identifies workers affected by real minimum … the outcomes for control groups, with wages marginally above those of the treatment groups. Unlike previous studies, this …

Minimum wages in Sweden are collectively agreed and differ by industry. Within agreements, the rates are also highly … differentiated. Minimum wages are higher in Sweden than in any of the countries with statutory rates considered in this study. This … is line with the view that minimum wages are higher than otherwise when unions are involved in minimum wage setting. The …

Centralized wage-setting institutions compress relative wages. Motivated by this fact, we investigate the effects of … distribution and their evolution over time to the structure of relative wages between and within industries. The empirical results …

factor shares turn in favour of wages, when unemployment falls. The only important prerequisite for this result is that money … wages are treated as downward rigid. The analysis remains valid when firms experience constant returns to labour in the … partly determined by the unemployment stock. As intuition says the share of wages in value added increases with the stock of …

performed, wages should in principle reflect productivity differences and that it is more difficult to discriminate on the basis …

performed, wages should in principle reflect productivity differences and that it is more difficult to discriminate on the basis …

depressing effect on their relative wages through world goods prices. In contrast, in the Heckscher-Ohlin model with small open … economies, the skill-bias of local technological changes do not affect wages. Thus, pervasiveness deals with a major criticism … employed despite rising or stable relative wages. Second, increases in demand for skills were concentrated in the same …