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exception. Wage mark-downs, that is wages below the marginal revenue product of labour rooted in employers’ monopsony power, are … and intensity of wage mark-downs whereas the opposite holds for wage mark-ups, that is wages above the marginal revenue …
Persistent link: https://www.econbiz.de/10013314852
(job security, health, subjective job quality, and wages). Worker voice slightly raised firm survival, productivity, and …
Persistent link: https://www.econbiz.de/10012581999
reduces daily wages by 8% over the first 15 years in the labor market. The wage penalty appears to be driven by differences in …
Persistent link: https://www.econbiz.de/10015339455
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10010264529
When employers face a trade-off between growing large and paying low wages—that is, when they have monopsony power …
Persistent link: https://www.econbiz.de/10013353363
Labor unions' greatest potential for political influence likely arises from their direct connection to millions of individuals at the workplace. There, they may change the ideological positions of both unionizing workers and their non-unionizing management. In this paper, we analyze the...
Persistent link: https://www.econbiz.de/10014290211
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction...
Persistent link: https://www.econbiz.de/10010263902
We process information in a large number of wage contracts, signed over a period of several decades, to generate the long-run history of the real wage for each bargaining pair. We term these hitherto unexamined histories chronologies'. We are able to generate 1574 continuous real wage...
Persistent link: https://www.econbiz.de/10010264208
This paper deals with the effects of labour market institutions on labour market performance. We analyse as an indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to keep employment constant). We show for a sample of 17 OECD...
Persistent link: https://www.econbiz.de/10010264273
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10010266039