the loses to the low paid. Product market integration may thus lead to a more inequal distribution of wages and employment …, even though there are aggregate gains in terms of higher real incomes and employment. …

of employment across countries and thus a change in the trade-off between wages and employment faced by wage setters …. While the effects of product market integration on the trade-off between wages and employment in general is ambiguous, it is … through trade. Unambiguously, real wages and employment and welfare improve upon reductions in trade frictions, and therefore …

the loses to the low paid. Product market integration may thus lead to a more inequal distribution of wages and employment …, even though there are aggregate gains in terms of higher real incomes and employment. …

overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel?s theory of intrafirm … and always gives rise to over-employment. In this paper, we try to reconcile the approaches. A simple matching model with … employment compared to the efficient allocation than in the standard search-matching model. …

model that aggregate increases in wages and employment may conceal important differences across sectors/groups driven by a …

central planner eliminates union power altogether to have full employment. On the other hand, if (b) is more effective than (a …

and GDP per capita, (ii) differences in employment, (iii) differences in the proportion of part-time work across countries …. The model predicts that the higher the level of rigidity in wages and hours the lower are GDP per capita, employment, part … with less rigidity and a lower level of taxation. This is due mostly to a lower level of employment. In contrast, a country …