costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

unemployment: labour unions, supply shocks combined with real wage rigidity, and automation and trade combined with real wage …

workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …

workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …

workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …

market conditions, and subsidies that are sufficiently large for this purpose may be expected to drive real wages far above …

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … employees (entrants) receive their reservation wages. The reason given is that an increase in insider wages gives rise to a … counterveiling fall in reservation wages, leaving the present value of wage costs unchanged. Our analysis contradicts this …