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One explanation advanced for the persistent gender pay differences in labor markets is that women avoid salary negotiations. By using a natural field experiment that randomizes nearly 2,500 job-seekers into jobs that vary important details of the labor contract, we are able to observe both the...
Persistent link: https://www.econbiz.de/10013098475
A labor market with search and matching frictions, where wage setting is controlled by a monopoly union that follows a norm of wage solidarity, is found vulnerable to substantial distortions associated with holdup. With full commitment to future wages, the union achieves efficient hiring in the...
Persistent link: https://www.econbiz.de/10013103813
Stole-Zwiebel bilateral bargaining problem. Helpman and Iskhoki (2008) show that a unique single wage (degenerate …
Persistent link: https://www.econbiz.de/10013152592
matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete …
Persistent link: https://www.econbiz.de/10013156859
The returns to talent or performance have grown over time in developed countries. Is talent concentrated in a few firms or are firms virtual microcosms of the economy, each having close to identical distributions of talent?The data show that talent is not concentrated in a few companies, but is...
Persistent link: https://www.econbiz.de/10012773210
In 1955 only a few states had laws governing collective bargaining by public employees. By 1984 only a few states were …. The key underlying constructs are 1) the intensity of state preferences for or against public sector collective bargaining … level data on policy for each year from 1955 to 1984. The results suggest that state preferences for a pro-bargaining policy …
Persistent link: https://www.econbiz.de/10012777261
Several theories suggest that pay raises below a reference point will reduce job performance. Final offer arbitration for police unions provides a unique opportunity to examine these theories, as the police officers either receive their requested wage or receive a lower one. In the months after...
Persistent link: https://www.econbiz.de/10012780192
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
the trend towards a more decentralized wage determination. The shift towards decentralized wage bargaining has coincided …
Persistent link: https://www.econbiz.de/10012760107
tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the … conventional formulation. An interesting side-product is the emergence of spillover effects of average wages on the bargaining …
Persistent link: https://www.econbiz.de/10012760666