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This document examines foreign direct investment (FDI) when multinationals and labour unions bargain over labour contracts and lobby the self-interested government for taxation and labour market regulation. We demonstrate that right-to-manage bargaining predicts higher returns for FDI than does...
Persistent link: https://www.econbiz.de/10010261532
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … between bribing and lobbying. We test our predictions using survey data for about 6000 firms in 26 countries. Our results …
Persistent link: https://www.econbiz.de/10010268635
We study the interaction between competitive markets that produce large but unequally distributed welfare gains and elections through which the poor majority can redistribute income away from the rich minority. In our simple laboratory democracy, subjects first earn their income by trading in a...
Persistent link: https://www.econbiz.de/10010269668
The international literature on minimum wage greatly lacks empirical evidence from developing countries. Brazil …
Persistent link: https://www.econbiz.de/10010261832
A national minimum wage cannot explain variation in wages or employment across regions. Identification of the effect of the minimum wage separately from the effect of other variables on wages or employment requires regional variation. Many minimum wage variables with regional variation have been...
Persistent link: https://www.econbiz.de/10010261833
sectors in Brazil and in Latin America more generally. …
Persistent link: https://www.econbiz.de/10010261848
This paper puts together evidence for the wages, employment and price effects of the minimum wage. This overall picture will help to understand the small employment effects prevalent in the literature in the light of price effects. The data used is an under-explored monthly Brazilian household...
Persistent link: https://www.econbiz.de/10010261885
Following the early 1980s apparent consensus, there has been a controversial debate in the literature over the direction of the minimum wage employment effect. Explanations to nonnegative effects range from theoretical to empirical identification and data issues. An explanation, however, that...
Persistent link: https://www.econbiz.de/10010261887
instrumental variables earnings model on data from Brazil show that child labor has a large negative impact on adult earnings for …
Persistent link: https://www.econbiz.de/10010268200
This paper analyzes the determinants of local institutions and distribution of political power within a constant 'macro-institutional' setting. We show that characteristics of Brazilian municipalities related to institutional quality and distribution of political power are partly inherited from...
Persistent link: https://www.econbiz.de/10010269117