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The Impact of Collective Bargaining : Can the New Facts Be Explained by Monopoly Unionism?
Freeman, Richard B.; Medoff, James L. - 2021
In this paper we focus our attention on the question of whether union/nonunion differences in nonwage outcomes can, in fact, be explained in terms of standard price-theoretic responses to real wage effects, as opposed to the real effect of unionism on economic behavior. We reach three basic...
Persistent link: https://www.econbiz.de/10013233036
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Wage Bargaining, Labor Turnover, and the Business Cycle : a Model with Asymmetric Information
Perry, Motty; Solon, Gary - 2021
This paper presents a wage bargaining model in which the employer and employee are each uncertain about the other's reservation wage. Under specified circumstances, the model's equilibrium is shown to involve unilateral wage setting and inefficient labor turnover. In addition, aggregate demand...
Persistent link: https://www.econbiz.de/10013238963
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Evidence on the Determinants of the Choice between Wage Posting and Wage Bargaining
Hall, Robert E. - 2010
Some workers bargain with prospective employers before accepting a job. Others face a posted wage as a take-it-or-leave-it opportunity. Theories of wage formation point to substantial differences in labor-market equilibrium between bargained and posted wages. We surveyed a representative sample...
Persistent link: https://www.econbiz.de/10013142938
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The Effects of Product Market Competition on Collective Bargaining Agreements : The Case of Foreign Competition in Canada
Abowd, John M.; Lemieux, Thomas - 2021
employment in the presence of foreign competition shocks. We exploit the fact that in a small open economy such as Canada the …
Persistent link: https://www.econbiz.de/10013225950
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Collective Bargaining and Staff Salaries in American Colleges and Universities
Klaff, Daniel B.; Ehrenberg, Ronald G. - 2021
Our study is the first study that addresses the impact of collective bargaining coverage on salaries in academia for employees other than faculty. We use data from a 1997-98 study on the costs of staffing in higher education conducted by the Association of Higher Education Facilities Officers...
Persistent link: https://www.econbiz.de/10013239165
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The Effects of International Competiton on Collective Bargaining Outcomes : a Comparison of the United States and Canada
Abowd, John M.; Lemieux, Thomas - 2021
employment from the sixties to the mid-eighties for the United States and Canada. Both value-based and pricebased measures of … domestic market. The import effect on wage rates is also negative for the United States but not for Canada. The import wage … for the U.S. and ambiguous for Canada. For Canada, we also estimate world price effects. Increases in the world import …
Persistent link: https://www.econbiz.de/10013214602
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Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations
Krusell, Per - 2009
We analyze a Bewley-Huggett-Aiyagari incomplete-markets model with labor-market frictions. Consumers are subject to idiosyncratic employment shocks against which they cannot insure directly. The labor market has a Diamond-Mortensen-Pissarides structure: firms enter by posting vacancies and match...
Persistent link: https://www.econbiz.de/10013156859
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The Inflation-Unemployment Trade-Off at Low Inflation
Benigno, Pierpaolo - 2010
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation;...
Persistent link: https://www.econbiz.de/10012759324
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Propping Up the Wage Floor : Collective Labor Supply Without Unions
Breza, Emily - 2019
Social norms have the potential to alter the functioning of economic markets. We test whether norms shape the aggregate labor supply curve by leading decentralized individuals to maintain wage floors in their local labor markets. We partner with existing employers who create new jobs for workers...
Persistent link: https://www.econbiz.de/10012869538
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Intra Firm Bargaining and Shapley Values
Bruegemann, Bjoern - 2015
The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in...
Persistent link: https://www.econbiz.de/10013016648