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In a two-country model with trade driven by comparative advantages, it is considered how imperfectly competitive labour markets are affected by lower frictions in international goods trade. Easier goods trading is equivalent to increased mobility of employment across countries and thus a change...
Persistent link: https://www.econbiz.de/10010262101
Even when international product market integration is taking place between fairly similar countries with low labour mobility, it may have important effects for labour markets by increasing the mobility of jobs. This creates both opportunities through exports and threats from imports. Is there...
Persistent link: https://www.econbiz.de/10010262484
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent … contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel?s theory of intrafirm …
Persistent link: https://www.econbiz.de/10010262510
How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...
Persistent link: https://www.econbiz.de/10010262483
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes …
Persistent link: https://www.econbiz.de/10010262451
A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour 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...
Persistent link: https://www.econbiz.de/10010267457
Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor …
Persistent link: https://www.econbiz.de/10010273751
This paper explores the relationship between economic performance and US unionism, focusing first on what we do and do not know based on empirical research handicapped by limited data on establishment and firm level collective bargaining coverage. Evidence on the relationship of unions with...
Persistent link: https://www.econbiz.de/10010278785
Comparing aggregate statistics and surveying selected empirical studies, this paper shows that the characteristics and results of labour markets in eastern and western Germany have become quite similar in some respects but still differ markedly in others even 25 years after unification. Whereas...
Persistent link: https://www.econbiz.de/10010513145
Comparing aggregate statistics and surveying selected empirical studies, this paper shows that the characteristics and results of labour markets in eastern and western Germany have become quite similar in some respects but still differ markedly in others even 25 years after unification. Whereas...
Persistent link: https://www.econbiz.de/10011212568