model reveals that an anti-retrenchment law can cause wages and employment to rise or fall, depending on the parametric … raises wages and employment. In a subsequent section we assume that the law specifies exogenously the amount of compensation …, equilibrium wages fall. However beyond a certain point, further rises in s cause wages to rise. In other words, the relation …

. 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 …

the labor market. Its impact on employment, wages and wealth depends crucially on the design of immigration policy …

determination. In the basic set-up, UISAs induce a trade union to lower wages. This effect can also arise if (1) balanced …

, which predicts an ambiguous effect on wages: firing costs are expected to increase wages, because they increase the … short-term effect on wages - and also on unemployment. We find larger effects for older than for younger workers and for men … on wages takes place during the first year of the reform. Our simulations also show that the increase in wages is mostly …

of notice is defined as the period an employer has to notify workers in advance of their up-coming dismissal. The wages …. Strong evidence is found that a longer 'dormant' term of notice leads to higher wages. In my sample, an additional month of … notice increases wages by three percent, ceteris paribus. …

of notice is defined as the period an employer has to notify workers in advance of their upcoming dismissal. The wages …. Strong evidence is found that a longer 'dormant' term of notice leads to higher wages. In my sample, an additional month of … notice increases wages by three percent, ceteris paribus. …