Europe is faced with serious problems of slow growth and little employment creation. Are the two problems related at all? Our proposed answer is: yes, they are. Building on Daveri and Tabellini (1997), we developed an infinite-horizon model with endogenous growth due to learning-by-doing and...

Dividend signaling models suggest that dividends are used to convey information about future earnings to investors. However, in a world where unions also receive these signals, managers are less inclined to send the signal in order to avoid the union capturing these future earnings through...

Trade unions in a number of countries have recently begun to use corporate law to pursue employee interests. They are putting forward resolutions to be voted on at company annual general meetings (AGMs); lobbing for proxy votes through the distribution of statements in support of union sponsored...

The 1998 government-initiated civil-RICO suit and court-enforced agreement to purge the International Brotherhood of Teamsters (IBT) of organized crime's presence and influence will stand as an important chapter in America's labor history as well as law enforcement history. The remedial phase,...

Evidently, the benefit-structure of the unemployment insurance has a significant influence on profits and trade union utility. We show for a wage bargaining model that a stronger earnings relationship of unemployment benefits may reduce wages and increase employment. This raises the question as...

This article explores the degree to which American workers are treated like second-class parties by corporate leaders. When business firms do well, share holders and managers obtain significant financial gains, but rank-and-file workers do not usually share in those gains. On the other hand,...

This study investigates institutional and economic reasons for downward wage rigidity regarding three occupational skill groups. Based on a survey of 801 firms in Germany and an econometric analysis, we find strong support for explanations based on the effects of labour union contracts and...

Using a unique harmonized matched employer-employee dataset (European Structure of Earnings Survey, 1995), we study the impact of the regime of collective bargaining on wages in the manufacturing sector of three countries that are characterized by a multi-level system of bargaining: Belgium,...

The conservative central banker has come under attack recently. On the basis of models in which there is explicit interaction between trade union behavior and monetary policy, it has been argued that if 'trade unions' are averse to inflation, welfare will be lower with a conservative than with a...