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Unions in Brazil : what to expect in the near future?
Campos, André Gambier - 2016
Nowadays, there is a growing debate about the role of collective bargaining in Brazilian labour regulation. Nonetheless … very promising in order to foster a negotiated labour regulation. However, on average, those unions present a fragile … constituency, unions gather little resources to negotiate new forms of labour regulation. To overcome those problems, some …
Persistent link: https://www.econbiz.de/10012059851
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Welfare policy in the presence of unionised labour and internationally mobile firms
Rocha-Akis, Silvia; Schöb, Ronnie - 2009
In oligopolistic industries that are unionised and may be affected by offshoring, falling offshoring costs have a moderating effect on trade unions. They will accept lower sector wages in order to discourage mobile forms from leaving the country. Since such wages are independent of the workers'...
Persistent link: https://www.econbiz.de/10003931419
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Layoffs and productivity at a Bangladeshi sweater factory
Akerlof, Robert; Ashraf, Anik; Macchiavello, Rocco; … - 2023
Conflicts between management and workers are common and can have significant impacts on productivity. Combining ethnographic, survey and administrative records from a large Bangladeshi sweater factory, we study how workers responded to management's decision to lay off about a quarter of the...
Persistent link: https://www.econbiz.de/10014479174
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Staggered contracts and unemployment during recessions
Adamopoulou, Effrosyni; Díez-Catalán, Luis; … - 2024
This paper studies the impact of downward wage rigidity on wage and employment dynamics after the outbreak of major recessions in Spain. Downward wage rigidity stems from collective agreements, which set province-sector-skill specific minimum wage floors for all workers. By exploiting variation...
Persistent link: https://www.econbiz.de/10014566234
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Consumption-led expansions are toxic for future output growth
Virén, Matti E. E. - 2022
When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result is quite striking: consumption-led growth - either in...
Persistent link: https://www.econbiz.de/10014551580
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Remedies for European growth problem
Matti, Viren - 2015
This paper deals with the slowdown of economic growth in Europe. For that purpose, we focus on factors that affect the long-run growth path of different economies. Special emphasis is paid to institutional and structural factors that are often assumed to affect aggregate growth: functioning of...
Persistent link: https://www.econbiz.de/10012503058
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Inflation and growth : new evidence from a dynamic panel threshold analysis
Kremer, Stephanie; Bick, Alexander; Nautz, Dieter - 2009
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...
Persistent link: https://www.econbiz.de/10003876000
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Trend growth expectations and US house prices before and after the crisis
Hoffmann, Mathias; Krause, Michael; Laubach, Thomas - 2012
We provide an analysis that might help distinguish rationally justified movements in house prices from potentially non-rational movements, using a two-sector business cycle model, in which investment in housing is subject to collateral constraints. A large portion of the evolution of U.S. house...
Persistent link: https://www.econbiz.de/10009528869
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The expectations-driven US current account
Hoffmann, Mathias; Krause, Michael; Laubach, Thomas - 2013
Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region...
Persistent link: https://www.econbiz.de/10009732995
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Patience and comparative development
Sunde, Uwe; Dohmen, Thomas; Enke, Benjamin; Falk, Armin; … - 2021
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10013189598