Showing 1 - 10 of 9,639
We study how labor market conditions affect unionization decisions. Tight labor markets might spur unionization, e.g., by reducing the threat of unemployment after management opposition or employer retaliation in response to a unionization attempt. Tightness might also weaken unionization by...
Persistent link: https://www.econbiz.de/10014447309
reflects unions' ability to tackle under-employment, such that union workers work closer to the hours they desire than their … non-union counterparts. The traditional focus on hourly wage differentials underplays the important role trade unions play …
Persistent link: https://www.econbiz.de/10014544749
The United States has experienced a significant decline in labor unions over the past half-century. We examine the … aggregate labor market impact of labor unions, the causes of their decline, and their welfare and distributional consequences …, accounting for unions' effects on wages and employers' insurance provisions. We first provide descriptive evidence that social …
Persistent link: https://www.econbiz.de/10015056117
This paper considers growth and fluctuations in a standard Overlapping Generations (OLG) model with rational expectations, with land (a non-produced asset), credit frictions, and endogenous growth. Under plausible conditions, there can be multiple momentary equilibria, with the multiplicity...
Persistent link: https://www.econbiz.de/10015361465
This paper investigates the welfare costs of business cycles in a heterogeneous agent, overlapping generations economy which is distinguished by idiosyncratic labor market risk. Aggregate variation arises both in terms of aggregate productivity shocks and countercyclical variation in the...
Persistent link: https://www.econbiz.de/10012470691
This paper develops a new approach to make welfare assessments based on the notion of Dynamic Stochastic weights (DS-weights for short). For a large class of dynamic stochastic economies with heterogeneous individuals, we introduce an aggregate additive decomposition that satisfies desirable...
Persistent link: https://www.econbiz.de/10013435133
unionization rate, RTW can be used as an instrumental variable (IV) to estimate the causal effect of unions on wages. In our … preferred specification based on the differential exposure design, the IV estimate of the effect of unions on wages is 0 …
Persistent link: https://www.econbiz.de/10013334317
that firms or employer associations bargain with unions over wages, producing collective bargaining systems. We show that …
Persistent link: https://www.econbiz.de/10013388793
This paper develops a welfare accounting decomposition that identifies and quantifies the ultimate origins of welfare gains and losses in general economies with heterogeneous individuals and disaggregated production. The decomposition---exclusively based on preferences and technologies---first...
Persistent link: https://www.econbiz.de/10014372473
We test whether occupational licensing undercuts a key goal of digital marketplaces-- to increase social surplus by increasing the effectiveness of customer search. Our setting is a large online marketplace in the $500B home services industry where a platform converts customer search into sales...
Persistent link: https://www.econbiz.de/10013362042