. 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 …

In oligopsonistic labour markets, firms have some market power, and a wedge is created between wages and marginal … different institutions can affect this inefficiency. Industry-level minimum wages can remove the training inefficiency and … achieve first-best. Trade unions might also remedy the market failure, in two ways. First, if an industry-wide union has a …

This paper presents the first longitudinal estimates of the effect of work-related training on labor market outcomes in … market outcomes, we apply a regression-adjusted matched difference-in-differences approach with entropy balancing to account …, and regional labor market context. The gains are highest for middle-aged men with formal vocational education working in …

lens of the model, we study the effect of labor market tightness on firms' labor demand by applying novel shift …-share instruments to the universe of German firms. In line with theory, we find that a doubling in tightness reduces firms' employment …

the labor market. Its impact on employment, wages and wealth depends crucially on the design of immigration policy … consequences of immigration for a host country's labor market. The most important theoretical arguments are presented and evaluated …

competition. Comparisons of protected and exposed workers reveal negative labour market effects of the EU expansion for exposed …

union to lower wages. This mitigates the positive impact on absence. Moreover, a union may oppose higher sick pay if it … reduces labour supply sufficiently. Better employee health tends to foster wage demands. If the union determines both wages … and sick pay, we identify situations in which it will substitute wages for sick pay because adverse absence effects can be …