Similar Search Results

Negotiating with Labor Under Financial Distress

Benmelech, Efraim - 2011

We analyze how firms renegotiate labor contracts to extract concessions from labor. While anecdotal evidence suggests that firms tend to renegotiate down wages in times of financial distress, there is no empirical evidence that documents such renegotiation, its determinants, and its magnitude....

Persistent link: https://www.econbiz.de/10012461465

Cyclical Wages in a Search-and-Bargaining Model with Large Firms

Rotemberg, Julio J. - 2006

This paper presents a complete general equilibrium model with flexible wages where the degree to which wages and productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are assumed to bargain simultaneously with many employees,...

Persistent link: https://www.econbiz.de/10012466250

The Effect of Collective Bargaining Legislation on Strikes and Wages

Cramton, Peter C. - 1995

Using Canadian data on large, private-sector contract negotiations from January 1967 to March 1993, we find that wages and strikes are substantially influenced by labor policy. In particular, we find that prohibiting the use of replacement workers during strikes is associated with significantly...

Persistent link: https://www.econbiz.de/10012473781

The Effects of Product Market Competition on Collective Bargaining Agreements : The Case of Foreign Competition in Canada

Abowd, John M. - 1991

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/10012475188

The Effects of International Competiton on Collective Bargaining Outcomes : A Comparison of the United States and Canada

Abowd, John M. - 1990

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/10012475681

Real Wage Determinatioan in Collective BArgaining Agreements

Christofides, Louis N. - 1989

This paper studies the determinants of real wage rates using data on Canadian labour contracts signed between 1978 and 1984. Its results are consistent with Dunlop's neglected (1944) hypothesis that real pay movements are shaped by product price changes (contrary to the predictions of implicit...

Persistent link: https://www.econbiz.de/10012475853

The Value of Worker Rights in Collective Bargaining

Arold, Benjamin W.; Ash, Elliott; MacLeod, William Bentley - National Bureau of Economic Research - 2025

from Canada in the period 1986-2015, we parse legal obligations (e.g., "the employer shall provide...") and legal rights (e …

Persistent link: https://www.econbiz.de/10015361481

Stealth Compensation Via Retirement Benefits

Bebchuk, Lucian Arye - 2004

This paper analyzes an important form of "stealth compensation" provided to managers of public companies. We show how boards have been able to camouflage large amount of executive compensation through the use of retirement benefits and payments. Our study highlights the significant role that...

Persistent link: https://www.econbiz.de/10012467948

Do a Firm's Equity Returns Reflect the Risk of Its Pension Plan?

Jin, Li - 2004

This paper examines the empirical question of whether systematic equity risk of U.S. firms as measured by beta from the Capital Asset Pricing Model reflects the risk of their pension plans. There are a number of reasons to suspect that it might not. Chief among them is the opaque set of...

Persistent link: https://www.econbiz.de/10012468043

Earnings Manipulation and Managerial Investment Decisions : Evidence from Sponsored Pension Plans

Bergstresser, Daniel - 2004

Managers appear to manipulate firm earnings when they characterize pension assets to capital markets and alter investment decisions to justify, and capitalize on, these manipulations. We construct a measure of the sensitivity of reported earnings to the assumed long-term rate of return on...

Persistent link: https://www.econbiz.de/10012468150