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union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate …
Persistent link: https://www.econbiz.de/10005406167
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its capital-income ratio, and its factor income distribution put forth in his recent book Capital in the Twenty-First Century. We find that a smaller long-run growth rate may be...
Persistent link: https://www.econbiz.de/10012965706
efficiently according to the familiar Nash bargaining solution, we show that central negotiations lead to a lower employment level … result counters the critique that efficient negotiations result in employment levels exceeding the competitive level …
Persistent link: https://www.econbiz.de/10013072513
We theoretically analyse the effects of sick pay and employees' health on collective bargaining, assuming that …
Persistent link: https://www.econbiz.de/10012977408
This paper investigates the influence of industrial relations on firm wage premia in Germany. OLS regressions for the firm effects from a two-way fixed effects decomposition of workers’ wages by Card, Heining, and Kline (2013) document that average premia are larger in firms bound by...
Persistent link: https://www.econbiz.de/10013315426
bargained wages, we show that such minimum wages can drive up wages – and be harmful to employment – when bargaining follows the …Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant for actual wages and employment … bargaining models between unions and firms. While the Nash bargaining solution is unaffected by minimum wages below initially …
Persistent link: https://www.econbiz.de/10008511593
Casual empiricism suggests that “unwarranted” wage changes, defined as the part of wage growth that is not explained by changes in labour productivity, are negatively associated with the return on capital. The main point of this paper is to show that “unwarranted” wage changes have no...
Persistent link: https://www.econbiz.de/10013156013
Casual empiricism suggests that “unwarranted” wage changes, defined as the part of wage growth that is not explained by changes in labour productivity, are negatively associated with the return on capital. The main point of this paper is to show that “unwarranted” wage changes have no...
Persistent link: https://www.econbiz.de/10008572545
vast majority of countries. This contradicts the predictions of a widely-cited family of models of labor market bargaining …
Persistent link: https://www.econbiz.de/10013317484
The determinants of the direction of technical change and their implications for economic growth and economic policy are studied in the one-sector neoclassical growth model of Ramsey, Cass, and Koopmans extended to allow for endogenous capital-and labor-augmenting technical change. We develop a...
Persistent link: https://www.econbiz.de/10013001160