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, volumen negociado y volatilidad de las acciones de las compañías cotizadas en el mercado continuo español ante la firma de un … convenio, podría afectar a la volatilidad específica de dichos rendimientos. Cabe esperar, según la variante de hipótesis … que firman el convenio, la volatilidad específica de las mismas sea menor a partir de esa fecha. Así ocurre con los datos …
Persistent link: https://www.econbiz.de/10005227303
consistentes con la hipótesis de información incierta de Brown et al. (1988), de acuerdo con la cual, la volatilidad de los …
Persistent link: https://www.econbiz.de/10008683549
Despite declining bargaining power, unions continue to generate a wage premium. Some feel collective bargaining has had its day. Politicians on both sides of the Atlantic have recently called for the removal of bargaining rights from workers in the name of wage and employment flexibility, yet...
Persistent link: https://www.econbiz.de/10010884445
In den vergangenen Jahren hat sich in der Gewerkschaftsforschung ein Paradigmenwechsel vollzogen. Herrschte lange Zeit ein Krisendiskurs ueber den gewerkschaftlichen Niedergang, betonen heute die Labor Revitalization Studies die Strategiefaehigkeit von Gewerkschaften und untersuchen deren...
Persistent link: https://www.econbiz.de/10010885103
We present a bargaining model of wage and employment determination, where we show that foreign acquisitions might hurt the bargaining outcome of powerful unions by giving the fi rm a credible threat to move production abroad. Using detailed data on fi rms and workers in manufacturing, including...
Persistent link: https://www.econbiz.de/10010945084
The rarity with which firms reduce nominal wages has been frequently observed, even in the face of considerable negative economic shocks. This paper uses a unique survey of fourteen European countries to ask firms directly about the incidence of wage cuts and to assess the relevance of a range...
Persistent link: https://www.econbiz.de/10011272770
We examine the impact of changes in minimum wages regulation on unionized workers. The bargaining process between the management and the union is modeled as an alternating-offers bargaining game over employment and wage. We find that the equilibrium wage is equal to the minimum wages and that an...
Persistent link: https://www.econbiz.de/10005252168
In theoretical trade models with variable markups and collective wage bargaining, exportexposure may reduce the exporter wage premium. We test this prediction using linkedGerman employer-employee data from 1996 to 2007. To separate the rent-sharingmechanism from assortative matching, we exploit...
Persistent link: https://www.econbiz.de/10010539737
The rarity with which firms reduce nominal wages has been frequently observed, even in the face of considerable negative economic shocks. This paper uses a unique survey of fourteen European countries to ask firms directly about the incidence of wage cuts and to assess the relevance of a range...
Persistent link: https://www.econbiz.de/10010753952
The rarity with which firms reduce nominal wages has been frequently observed, even in the face of considerable negative economic shocks. This paper uses a unique survey of fourteen European countries to ask firms directly about the incidence of wage cuts and to assess the relevance of a range...
Persistent link: https://www.econbiz.de/10010755518