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labor shares, wages per efficiency units and the ratio of labor in efficiency units to capital in several OECD countries …
Persistent link: https://www.econbiz.de/10005858082
We compare the effect of legal and institutional competition for the design of labor institutions in an environment characterized by holdup problems in human and physical capital. We compare autarky with the two country case, assuming that capital is perfectly mobile and labor immobile. We...
Persistent link: https://www.econbiz.de/10005858086
East German wages have been below the West German wage level since unification. Moreover, the East-West wage gap … terms of effective wages. This paper looks at the role of establishment-specific factors - such as sectoral affiliation and …
Persistent link: https://www.econbiz.de/10005854707