How are wages set in an open economy? What role is played by demand pressure, international competition, and structural … real wages and competitiveness? To answer these questions, we formulate a theoretical model of wage bargaining in an open … wage equation on data for aggregate manufacturing wages in Denmark, Finland, Norway, and Sweden from the mid 1960s to the …

The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly …

This paper examines the profit testing of life insurance companies that issue participating policies, type B and type A … stochastic and modeled by normal or variance gamma distributions. We rely on the stochastic profit testing techniques introduced … the profit testing indicators. We show that the variance gamma model results in more conservative predictions - in a …

developing countries. It also offers an empirical estimation for a unique sample of Latin American CUs. …

The factors behind the increase in the relative wages of skilled workers in developing countries are still not well … the wage bill share and relative wages of skilled labor. This finding is contrary to the commonly held view that …