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In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
Persistent link: https://www.econbiz.de/10003941761
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 …
Persistent link: https://www.econbiz.de/10011973148
union density on firm productivity and wages in the population of Norwegian firms over the period 2001 to 2012. Increases in … union density lead to substantial increases in firm productivity and wages having accounted for the potential endogeneity of …
Persistent link: https://www.econbiz.de/10011756733
, wages of both skill groups, and unemployment. In contrast to the canonical model with a fixed task allocation, low …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …
Persistent link: https://www.econbiz.de/10013415325
This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
Persistent link: https://www.econbiz.de/10013415467
The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing …, wages are likely to head upward as carriers' financial health returns. Such wage levels may or may not be sustainable in the …
Persistent link: https://www.econbiz.de/10003384910
This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time varying heterogeneity. These include limited dependent variable models with both unobserved individual effects and endogenous explanatory variables, and sample selection models with...
Persistent link: https://www.econbiz.de/10003540299
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 … of training intensity. Second, firmspecific unions, through raising relative wages and reducing turnover, can increase …
Persistent link: https://www.econbiz.de/10011414246
Labor unions, chiefly through collective organizing and bargaining, almost universally increase the wages of their …
Persistent link: https://www.econbiz.de/10013259835
. 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 …
Persistent link: https://www.econbiz.de/10011339692