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Trade and Unions: Can Exporters Benefit from Collective Bargaining?
Capuano, Stella; Hauptmann, Andreas; Schmerer, Jans-Jörg - CESifo - 2014
Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in stark contrast with the descriptive evidence presented in this paper. Larger firms choose to export and are also more likely to adopt collective bargaining. We rationalize...
Persistent link: https://www.econbiz.de/10011086453
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Wage Rigidity, Institutions, and Inflation
Holden, Steinar; Wulfsberg, Fredrik - CESifo - 2009
legislation, high union density, centralised wage setting and high inflation. …
Persistent link: https://www.econbiz.de/10005094215
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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - CESifo - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
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Asymmetric Information Renders Minimum Wages Less Harmful
Schöb, Ronnie; Thum, Marcel - CESifo - 2009
to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric …
Persistent link: https://www.econbiz.de/10005000388
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Employment Growth, Inflation and Output Growth: Was Phillips Right? Evidence from a Dynamic Panel
Caporale, Guglielmo Maria; Škare, Marinko - CESifo - 2011
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009144885
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Unemployment, Growth and Speed of Transition in China
Fidrmuc, Jan; Huang, Shuo - CESifo - 2013
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10010877790
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Unemployment and Endogenous Reallocation over the Business Cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - CESifo - 2013
unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …
Persistent link: https://www.econbiz.de/10010877858
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The Distributional Consequences of Tax Reforms under Market Distortions
Angelopoulos, Konstantinos; Jiang, Wei; Malley, Jim - CESifo - 2011
In this paper we examine the importance of imperfect competition in product and labour markets in determining the long-run welfare effects of tax reforms assuming agent heterogeneity in capital holdings. Each of these market failures, independently, results in welfare losses for at least a...
Persistent link: https://www.econbiz.de/10009325806
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Unemployment and Finance: How do Financial and Labour Market Factors Interact?
Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gael - CESifo - 2009
interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We … as well as decreased banking concentration reduce unemployment if the level of labour market regulation, union density …
Persistent link: https://www.econbiz.de/10008596580
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Labour Market Institutions and Unemployment. An International Comparison
Flaig, Gebhard; Rottmann, Horst - CESifo - 2011
This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …
Persistent link: https://www.econbiz.de/10009278129