costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …

from confounded product-market concentration. Analysis extends beyond wages to rates of employment-based health insurance …

setting wages and determining work amenities. In the administrative data, we causally examine through which channels unions … estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in … influence worker outcomes, whether unions influence workers differently across their careers, and what the overall long …

to the conventional view that labor costs are procyclical. Using BLS establishment-job data, we find that even real wages …, the main focus of prior literature, have become countercyclical. Benefit expenditures are less rigid than nominal wages …

. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

wages. This paper also contributes to the wider literature by providing the first estimates of the longitudinal gain (loss …) associated with joining (leaving) a union with respect to non-wage benefits. The findings show joining (leaving) a union … increases (decreases) the probability of being in receipt of legally guaranteed benefits such as bonuses and paid holidays. This …

unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a … variety of data sets, we examine the implications of the model for the relationship between the employment and wages of …

Considering the contribution of the distribution of individual wages and earnings to that of household incomes we find …

underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany …-wage firms, would not be viable at current wages. …