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Investment in Productivity and the Long-Run Effect of Financial Crisis on Output
Ridder, Maarten de - 2017
.2% higher today if productivity-enhancing investment intensity had remained at its pre-crisis level … suggests that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap … the Global Financial Crisis, I show that tight credit reduced investments in productivity-enhancement, and significantly …
Persistent link: https://www.econbiz.de/10012964611
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Trade Union Membership and Dismissals
Goerke, Laszlo - 2010
In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage. Therefore, prima facie, there are strong incentives to free-ride on the benefits of trade unionism. We establish empirical evidence for a private gain from trade union...
Persistent link: https://www.econbiz.de/10013137398
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Union Wage Setting and International Trade
Egger, Hartmut - 2012
This paper sets up a general oligopolistic equilibrium model with two countries that differ in the centralization of union wage setting. Being interested in the consequences of openness, we show that, in the short-run, trade increases welfare and employment in both locations, and it raises...
Persistent link: https://www.econbiz.de/10013100837
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Has the EMU Reduced Wage Growth and Unemployment? Testing a Model of Trade Union Behaviour
Mikosch, Heiner - 2013
By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...
Persistent link: https://www.econbiz.de/10013093430
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Call My Rep! How Unions Overcame the Free-Rider Problem
Murphy, Richard - 2017
This paper proposes an explanation of why union membership has been increasing in some occupations, despite the opportunity to freeride on traditional union benefits. I model membership as legal insurance whose demand increases with the perceived risk of allegations. Using media reports on...
Persistent link: https://www.econbiz.de/10012960116
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Optimal Income Taxation in Unionized Labor Markets
Hummel, Albert Jan - 2018
This paper extends the Diamond (1980) model with labor unions to study optimal income taxation and to analyze whether unions can be desirable for income redistribution. Unions bargain with firms over wages in each sector and firms unilaterally determine employment. Unions raise the efficiency...
Persistent link: https://www.econbiz.de/10012910614
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Unemployment Insurance in Unionized Labor Markets : Neither Ghent Nor Centralized
Saha, David - 2015
This paper analyzes unemployment insurance (UI) schemes in the presence of mobile workers and trade unions at industry or regional level that are capable of internalizing the effect of wage demands on UI contribution rates. We compare two types of existing UI systems. When UI is organized at...
Persistent link: https://www.econbiz.de/10013019042
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Trade and Unions : Can Exporters Benefit from Collective Bargaining?
Capuano, Stella - 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/10013040479
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Should Unemployment Insurance Be Centralized in a State Union?
Fenge, Robert - 2018
This paper compares the decentral organization of unemployment insurance in member states of a state union with the central organization at the upper union' level. In a model of two countries the labor force and the firm owners can migrate between the states. Labor markets exhibit unemployment...
Persistent link: https://www.econbiz.de/10012921281
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Real and Nominal Wage Adjustment in Open Economies
Forslund, Anders - 2013
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages and competitiveness? To answer these questions, we...
Persistent link: https://www.econbiz.de/10012754391