markets, particularly those in which unions are active. We investigate this idea empirically using a cross-section of UK … manufacturing establishments from the 1990 WIRS data set. A reduction in non-tariff barriers from high to medium leads to lower … wages, particularly for unskilled workers. Further reductions in non-tariff barriers produce a less well-determined effect …

. This is done in a three stage game, in the first stage of which unions contractually set nominal wages, in the second stage …Existing literature on the strategic interaction between the central bank (CB) and unions assumes that firms face … employment and output even when inflation is fully anticipated by labour unions and even when unions are indifferent to inflation …

. We distinguish three modes of unionization with increasing degree of centralization: (1) ‘decentralization’ where wages … are determined independently at the firm-level, (2) ‘coordination’ where one industry union sets individual wages for all …

(and trade-off between) investment and wages in Slovenian firms. We find that investment behaviour is more consistent with … display a trade-off between investment and wages, and workers share in firms’ surplus and appropriate funds that are supposed …

International integration strengthening intra-industrial trade may have important implications for employment, wages …

features, such as the degree of centralization of wage bargaining, labour unions' inflation aversion and the degree of … substitutability between the labour of different unions. In particular, the switch from national monetary policies to a unified … unions' and policy makers' preferences remain the same. The benchmark case of a monetary union between identical countries …