Showing 1 - 7 of 7
America are women. While early studies of unions and inequality focused on males, recent studies find that unions reduce wage … in the effects of unionization on wage inequality. At present, unions reduce economy-wide wage inequality by less than 10 … unions on male and female wage inequality no longer differ. The key differences in union impacts are between the public and …
Persistent link: https://www.econbiz.de/10012907134
unions whereas many UK workers free-ride at unionized workplaces. To explain this difference, we create a scalar measure of … determinant of worker desire for unions and collective representation. Conditional on needs, we find that in both countries … workers are more favourable to unions when management is positive toward unions, but also favor them when management strongly …
Persistent link: https://www.econbiz.de/10012761324
This paper examines the impact of trade unions in the US and the UK and elsewhere. In both the US and the UK, despite … declining membership numbers, unions are able to raise wages substantially over the equivalent non-union wage. Unions in other … there is a trend change in the impact of unions. It is our view that most likely what has happened is that the tightening of …
Persistent link: https://www.econbiz.de/10013243921
find that unions have remarkably similar qualitative impacts in all three countries. In particular, unions tend to …
Persistent link: https://www.econbiz.de/10013227024
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...
Persistent link: https://www.econbiz.de/10013011919
It is widely believed that correlations between international equity markets tend to increase in highly volatile bear markets. This has led some to doubt the benefits of international diversification. This article solves the dynamic portfolio choice problem of a US investor faced with a...
Persistent link: https://www.econbiz.de/10012774819
We investigate the Expectations Hypotheses of the term structure of interest rates and of the foreign exchange market using vector autoregressive methods for the U.S. dollar, Deutsche mark, and British pound interest rates and exchange rates. In addition to standard Wald tests, we formulate...
Persistent link: https://www.econbiz.de/10013232893