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This paper explains the existence of intersectoral wage differential in a developing economy in terms of trade union behavior in the formal sector industry and analyzes its role in predicting the outcomes of trade and investment reforms on welfare. It provides theoretical explanations of certain...
Persistent link: https://www.econbiz.de/10011111406
The authors analyzed the role of Performance Related Pay (PRP) in a sample of Italian manufacturing and service firms and presented standard quantile estimates to investigate heterogeneity in pay-performance impacts on labor productivity and wages. In a second stage, the endogeneity of PRP was...
Persistent link: https://www.econbiz.de/10011260591
This paper analyses the role of Performance Related Pay (PRP) agreements on labour productivity and wages. Its main contribution is thus to investigate the effects of PRP on both dimensions, i.e. productivity and distribution, whereas most of the studies of related literature are restricted to...
Persistent link: https://www.econbiz.de/10011260993
Social pacts, while improving macroeconomic performance, usually impose costs on unions. To facilitate the formation of … the government, union’s inflation aversion or political partisanship. …
Persistent link: https://www.econbiz.de/10005835806
. However, in a world where unions also receive these signals, managers are less inclined to send the signal in order to avoid …
Persistent link: https://www.econbiz.de/10005836430
This paper studies corporatism as the outcome of bargaining between the government and a representative labor union. We show that if negotiations between these two parties only relate to macroeconomic stabilization, corporatism can never be beneficial to both parties. As corporatist policies are...
Persistent link: https://www.econbiz.de/10005837426
The paper analyses the welfare effects of union bargaining centralisation in a simple general equilibrium model. A two-sector model is developed where the wage rate in the first sector is either set decentralised by a small union at the firm level or centralised by a large union covering all...
Persistent link: https://www.econbiz.de/10005786919
Market power in the hands of a supplier- such as a labor union - affects an industry’s capital structure. Using panel data techniques for 1992-2004, this note shows that industries indeed appear to employ financial leverage strategically to influence collective bargaining decisions. The...
Persistent link: https://www.econbiz.de/10008694168
collective bargaining had been put into place at the beginning of the 1950s, Swiss trade unions settled into their role as … that confronted trade unions with three major challenges. The first and foremost challenge arose from the unusually long … was raised by the neoliberal turn in business organizations, which caught trade unions on the wrong foot. Thirdly, trade …
Persistent link: https://www.econbiz.de/10008552825
This paper develops a model of determination of unionized wage in the presence of both collective bargaining and efficiency wage. The efficiency of each worker is positively related to both the wage and the unemployment rate in the economy. The unionized wage is greater than the efficiency wage....
Persistent link: https://www.econbiz.de/10011108546