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The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy.The approach undertaken is prominently empirical.After a very brief description of the regulatory levels on the two sides of the Atlantic, we take...
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Demotion – a reduction of an employee’s rank and salary - is often mentioned by managers and policy makers as a measure to increase the employability of older workers, but in practice demotion is rarely applied. This paper takes a fresh look at the question of demotion by first employing a...
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individual heterogeneity in wages and speaking fluency. We nd that both have important consequences for the estimated effect of …
Persistent link: https://www.econbiz.de/10011092739
distribution. We use this change in skill distribution of workers to analyze the effect of immigration on wages. Our model allows …, we find that, in line with much of the related empirical literature, immigration has a small effect on average real wages … different skill levels in all states, and that the effect of immigration on wages and wage inequality varies systematically with …
Persistent link: https://www.econbiz.de/10011166201
centralization of wage bargaining and of the interaction between those institutional variables, on real wages, unemployment and … decrease in the number of unions) triggers two opposite effects on real wages, unemployment and inflation. It reduces the … competition effect" raises real wages, unemployment and in°ation. But the decrease in the number of unions also strengthens the …
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wages. Growth is driven by Research done in the (high-tech) tradeable sector. The follower country tends to grow faster the …
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