Showing 1 - 10 of 448
Wage inequality in Sweden declined precipitously during the 1960s and the 1970s. There was a sharp reduction in overall … relative wage movements in Sweden …
Persistent link: https://www.econbiz.de/10012474705
I develop a model with the path of labor-market outcomes exhibiting hysteresis depending on prior labor-market policy. The results suggest that attempts to transfer policies across economies lead to surprising results even if current economic outcomes in the countries appear similar. Examples of...
Persistent link: https://www.econbiz.de/10012474146
During the Great Depression of 1930s, changes in the workweek drove a larger portion of changes in total labor input than in other decades. Work-sharing policies appear to be responsible. Hoover created various work-sharing committees lead by key industrialists, which pushed for shorter...
Persistent link: https://www.econbiz.de/10012459846
About 3% of GNP is spent on government labor market programs in Sweden, compared to 2% in Germany and less than 0.5% in … the U.S. In Sweden these programs include extensive job training, public sector relief work, recruitment subsidies, youth … training programs have small effects on wages and re-employment in Sweden, but precise inferences are difficult because of …
Persistent link: https://www.econbiz.de/10012474118
For recently released prisoners, the minimum wage and the availability of state Earned Income Tax Credits (EITCs) can influence both their ability to find employment and their potential legal wages relative to illegal sources of income, in turn affecting the probability they return to prison....
Persistent link: https://www.econbiz.de/10012480767
We describe the economic history of the rise of the American minimum wage between 1910 and 1968. Each new FLSA amendment led to a new peak in the real purchasing power of the national minimum. Exemptions to the FLSA were progressively closed and the share of workers covered finally increased...
Persistent link: https://www.econbiz.de/10012481894
We model and analyze employer cartels that fix wages by committing to a wage ceiling. The setting is a frictional labor market with large employers that compete for workers via posted wages. Wage fixing reduces competition both inside and outside the cartel, leading to market-wide wage...
Persistent link: https://www.econbiz.de/10015326494
Using data from 17 OECD countries over the 1960-96 period, we investigate the impact of institutions on the relative employment of youth, women, and older individuals. Theoretically, we show that labor market institutions meant to improve workers' income share imply larger disemployment effects...
Persistent link: https://www.econbiz.de/10012469670
This paper applies principles from evolutionary biology to the study of unions. We show that unions which maximize the present discounted wages of current members will be displaced in evolutionary competition by unions with more moderate wage policies that allow their firms to live longer. This...
Persistent link: https://www.econbiz.de/10012470467
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...
Persistent link: https://www.econbiz.de/10012471183