To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms compete both in the product market and in the managerial market. We show that globalization, i.e. the simultaneous integration of product markets and managerial pools, leads to...

This paper explores how social interactions among consumers shape markets. In a two-country model, consumers meet and exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and quantities manufactured by profit-maximizing firms. We...

The cost of building nine affordable housing projects in Los Angeles under the terms of a project labor agreement between the years 2008 and 2012 are compared to 121 affordable housing projects developed and built in the same time period and same area without project labor agreement...

This paper estimates the union effects on the wage gap and dispersion in two pooled samples of construction craftworkers (CPS 1983-88 and 2000-05) using decomposition analysis and kernel density estimation. It shows that despite the decline in the adjusted union wage gap declined over time, the...

In the last three decades, two questions have been central for the Left. Is there a future for electoral socialism and social democracy? And, is it any longer possible to promote a significant redistribution of income in favour of labour? Political and economic events seem to suggest negative...

ln the last three decades, two questions have been central for the Left. ls there a future for electoral socialism and social democracy? And, is it any longer possible to promote a significant redistribution of income in favour of labour? Political and economic events seem to suggest negative...

This paper investigates the job satisfaction in relation to managerial attitudes towards employees and firm size using the linked employer-employee survey results in Britain. We first investigate the management-employee relationships and the firm size using maximum likelihood probit estimation....

I økonomisk litteratur blir det hevdet at koordinering blant partene i lønnsdannelsen er ønskelig, fordi en slik løsning reduserer lønnspresset og følgelig arbeidsledigheten i økonomien. Modellen i Holden (2001) viser at en strikt sentralbank disiplinerer lønnsfastsetterne slik at...

In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. If inflation is so low that nominal wages have to be cut, the workers have strategic advantage in the wage negotiations, which induces higher unemployment in...

This paper explores the existence of downward nominal wage rigidity (DNWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal wages at industry level. Based on a novel nonparametric statistical method, which allows for country and year specific variation in both the...