substantiate the union’s claim of ‘full wage compensation’, however: reductions in standard hours were accompanied by a relative …

across regions and on the resulting location of industrial activity. In particular, it studies what happens when wages in … both regions are set by the unions of the ‘West’ – the region with a greater initial relative stock of human capital. We … show that in some circumstances, it is in the interest of the West’s unions to set a speed of wage convergence greater than …

unemployment: labour unions, supply shocks combined with real wage rigidity, and automation and trade combined with real wage …

insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression … balance between two offsetting forces: UI causes agents to seek higher-wage jobs, but also reduces wages by lengthening … both in our sample and across studies, reconciling disparate wage-effect estimates. Empirically, UI raises wages by …

and trends in wellbeing. If the rise in wages that followed the Black Death enticed female servants to delay marriage, it …

market conditions, and subsidies that are sufficiently large for this purpose may be expected to drive real wages far above …

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … employees (entrants) receive their reservation wages. The reason given is that an increase in insider wages gives rise to a … counterveiling fall in reservation wages, leaving the present value of wage costs unchanged. Our analysis contradicts this …