the loses to the low paid. Product market integration may thus lead to a more inequal distribution of wages and employment …, even though there are aggregate gains in terms of higher real incomes and employment. …

the loses to the low paid. Product market integration may thus lead to a more inequal distribution of wages and employment …, even though there are aggregate gains in terms of higher real incomes and employment. …

of employment across countries and thus a change in the trade-off between wages and employment faced by wage setters …. While the effects of product market integration on the trade-off between wages and employment in general is ambiguous, it is … through trade. Unambiguously, real wages and employment and welfare improve upon reductions in trade frictions, and therefore …

the loses to the low paid. Product market integration may thus lead to a more unequal distribution of wages and employment …, even though there are aggregate gains in terms of higher real incomes and employment …

. Wages, employment and welfare increase as a result of further product market integration. It is interesting to note that the …

We analyze the welfare and employment effects of different wage bargaining regimes. Within the large firm search model …, we show that collective bargaining affects employment via two channels. Collective bargaining exerts opposing effects on … job creation and wage setting. Firms have a stronger incentive for strategic employment, while workers benefit from the …

Job creation has lowered unemployment, but the Belgian labour market still faces many challenges. Employment rates … some aspects of employment protection legislation, such as those related to collective dismissals, and the wage formation …