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We explore the various claims made by Freeman and Medoff (FM) in their famous book What do unions do? about the impact of unions on wages and update them with new and better data. The main findings are as follows. 1) Private sector union wage premium is lower today than it was in the 1970s. 2)...
Persistent link: https://www.econbiz.de/10013235588
failed to improve the responsiveness of real wages to unemployment; they were associated with a slower transition from …
Persistent link: https://www.econbiz.de/10013222040
This paper considers some of the implications of the increase in UK unemployment since the beginning of the Great … Recession. The major finding is that the sharp increase in unemployment and decrease in employment is largely concentrated on …
Persistent link: https://www.econbiz.de/10008855494
One of the main puzzles associated with the Great Recession has been the muted increase in recorded unemployment in the … unemployment, but also means that (i) significant numbers of workers are supplying fewer hours of work than they would like and (ii …
Persistent link: https://www.econbiz.de/10009367692
increase during 2012, though unemployment was stable. The paper also investigates the microeconomic determinants of …
Persistent link: https://www.econbiz.de/10011135852
pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher …
Persistent link: https://www.econbiz.de/10010267487
pay and the local unemployment rate in modern micro data. At the time of writing, the curve has been found in 40 nations …
Persistent link: https://www.econbiz.de/10010268080
This paper considers the issue of unemployment one of the most pressing issues facing the UK and other governments, as … unemployment among the young and other disadvantaged groups, is typical of past experience. The paper reviews past literature on … the causes of unemployment, arguing that the origin of the present difficulties lies with a collapse in demand rather than …
Persistent link: https://www.econbiz.de/10010271223
, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will … consequences for unemployment may be worse than anticipated. …
Persistent link: https://www.econbiz.de/10010271325
A historically high level of youth unemployment presents Greece with a huge social and economic challenge. This paper …
Persistent link: https://www.econbiz.de/10011409613