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Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
How much value does collective bargaining add to the working conditions already established in general labour law? In this paper we propose a methodology to address this question: we compare the specific contents of collective agreements (except minimum wages) to their equivalent norms set by...
Persistent link: https://www.econbiz.de/10012145464
This report consists of a comprehensive overview of labour market institutions in the small Pacific island countries in order to propose recommendations to improve the performance of their labour markets. We pay particular attention to three countries: Fiji, Palau and Papua New Guinea. We focus...
Persistent link: https://www.econbiz.de/10012115200
councils may be construed as largely beneficial. However, any such optimistic evaluation is heavily qualified by union … organization and in particular workplace unionism. Establishment union density seemingly blunts the performance of employee …
Persistent link: https://www.econbiz.de/10011704352
The paper analyses the determinants and short-term effects of labour market reforms, using information from a novel policy compendium that covers 110 developed and developing economies between 2008 and 2014. We find that the approval of reforms is positively associated with the unemployment...
Persistent link: https://www.econbiz.de/10011522366
This paper addresses the design of the machinery of collective bargaining from the perspective of the needs of microeconomic and macroeconomic flexibility. In the former context, greater attention is given over to enterprise flexibility than external adjustment. In the latter context, close...
Persistent link: https://www.econbiz.de/10011408196
regarding transnational union cooperation and union action, but also that there is greater diversity between sectors than …
Persistent link: https://www.econbiz.de/10009764099
Job-satisfaction as a component of workers' utility has been strangely neglected, with work usually regarded as reducing utility and the benefits of leisure. This is contradicted by many empirical studies showing that unemployment is a major cause of unhappiness, even when income is controlled...
Persistent link: https://www.econbiz.de/10003115146
councils are associated with reduced strike activity. However, where union members make up a majority of works councillors …, such union-dominated councils experience greater strike activity than do their counterparts with minority union membership …, and also more strikes than establishments with union workplace representation where union members are in a minority …
Persistent link: https://www.econbiz.de/10012892227
.S. and the European Union.The competition laws, playing a major role in national economic policy, are designed in a way to …
Persistent link: https://www.econbiz.de/10012919884