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, sector division, unemployment and welfare. …
Persistent link: https://www.econbiz.de/10012142242
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....
Persistent link: https://www.econbiz.de/10010332696
Persistent link: https://www.econbiz.de/10010334648
explanatory unemployment variable in the Phillips relation is intuitively to be regarded as an indicator of labour scarcity … intermediate step between unemployment and wage inflation. Contributions by Kuh, Solow and Stiglitz in the late sixties follow this …, it is hard to derive the desired result that the wage share increases when unemployment falls. Monopolistic price …
Persistent link: https://www.econbiz.de/10010334991