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Pay and Productivity in a Corporatist Economy: Evidence from Austria
Fuess, Jr. Scott M.; Millea, Meghan - 2001
efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …
Persistent link: https://www.econbiz.de/10010262451
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Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany
Fuess, Jr. Scott M.; Millea, Meghan - 2002
Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and...
Persistent link: https://www.econbiz.de/10010273751
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Innocent bystanders? Monetary policy and inequality in the US
Coibion, Olivier; Gorodnichenko, Yuriy; Kueng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10010287628
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Globalization, institutions, and the ethnic divide: Recent longitudinal evidence
Wunnava, Phanindra V.; Mitra, Aniruddha; Prasch, Robert E. - 2012
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...
Persistent link: https://www.econbiz.de/10010282215
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Inflation Adjustment and Labour Market Structures : Evidence from a Multi-Country Study
Nunziata, Luca; Bowdler, Christopher - 2005
An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …
Persistent link: https://www.econbiz.de/10010262222
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Examining the Impact of Macro-Economic Conditions on Income Inequality
Jäntti, Markus; Jenkins, Stephen P. - 2001
and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10010262571
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Migration, the quality of the labour force and economic inequality
Kahanec, Martin; Zimmermann, Klaus F. - 2008
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10010268676
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Minimum wages, labor market institutions, and female employment and unemployment: A cross-country analysis
Addison, John T.; Ozturk, Orgul Demet - 2010
This paper estimates the effect of minimum wage regulation in 16 OECD countries, 1970-2008. Our treatment is motivated by Neumark and Wascher's (2004) seminal cross-country study using panel methods to estimate minimum wage effects among teenagers and young adults. Apart from the longer time...
Persistent link: https://www.econbiz.de/10010274565
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal C. - 2011
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10010280731
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Human Capital Accumulation, Education and Earnings Inequality
Sunde, Uwe - 2001
This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in OECD countries. The similarity of shocks and technological changes affecting these countries suggests that interactions of these shocks and countryspecific institutions are...
Persistent link: https://www.econbiz.de/10010262516