We consider a theoretical model in which unions not only take the outside option into account, but also base their wage-setting decisions on an internal reference, called the fairness reference. Wage and employment outcomes and the shape of the aggregate wagesetting curve depend on the weight...

In this paper, we use 12 waves of the German Socio-Economic Panel to examine the relationship between job insecurity, employability and health-related well-being. Our results indicate that being unemployed has a strong negative effect on life satisfaction and health. They also, however,...

The issue of whether employees who work more hours than they want to suffer adverse health consequences is important not only at the individual level but also for governmental formation of work time policy. Our study investigates this question by analyzing the impact of the discrepancy between...

Aufgrund der bestehenden und sich weiter intensivierenden internationalen Konkurrenz in vielen Technologiebereichen und Branchen ist eine erhöhte Innovationsfähigkeit und Innovationstätigkeit als zentraler Erfolgsfaktor für die Unternehmen in Baden-Württemberg anzusehen. Im Rahmen des...

Aufgrund der bestehenden und sich weiter intensivierenden internationalen Konkurrenz in vielen Technologiebereichen und Branchen ist eine erhöhte Innovationsfähigkeit und Innovationstätigkeit als zentraler Erfolgsfaktor für die Unternehmen in Baden-Württemberg anzusehen. Im Rahmen des...

Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity (DNWR). However, the resulting macroeconomic effects seem to be surprisingly weak. This contradiction can be explained within an intertemporal framework in which DNWR not only...

Several recent marcoeconomic models rely on rigid wages. Especially wage rigidity of newly hired workers seems to play a crucial role, since the decision of opening a vacancy or not is mainly influenced by their real wages. However, so far little empirical evidence exists on how real wages of...