Trade unions have been successful in compressing the wage distributionbut not in influencing the share of national income going to labour. This paperclaims that a compressed wage distribution provides insurance in the same way thatthe tax and benefit system does and thus may be...

This paper deals with institutional challenges German works councils face currently. These challenges consist of structural economic change from industrial to service sectors accompanied by an extension of ‘co-determination-free-zones’, an enhanced labour force diversity beyond the image of...

Wenn es um die Mitbestimmung im Aufsichtsrat geht, kochen nach wie vor die Emotionen hoch. In Gastkommentaren in „Der Aufsichtsrat“ liefern sich Theodor Baums und Marcus Lutter (2009, S. 153) einen heftigen Schlagabtausch mit Roland Köstler von der Hans-Böckler-Stiftung (2009, S. 137)....

Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low-skilled workers. The present paper argues that an extended Right-to-Manage model can account for both of these findings. In this model unions compress the wage distribution by...

Most treatments of the Great Depression have focused on its onset and its aftermath. In contrast, we take a unified view of the interwar period. We look at the slide into and the emergence from the 1920-21 recession and the roaring 1920s boom, as well as the slide into the Great Depression after...

This paper draws attention to an increase in the size of the union membership wage premiumin the UK public sector relative to the private sector. We find the public sector membershipwage premium is approximately double that in the private sector controlling for a full range ofindividual, job and...

During the 1930s and 1940s, collective bargaining emerged as the workplace governancenorm in much of the U.S. industrial sector. Following its peak in the 1950s, union density inthe U.S. private sector fell steadily, to only 7.4 percent in 2006. Governance shifted from aformalized union norm to...

Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typicallypredicts more aggressive wage setting under monetary union. This insight has not beenconfirmed by the EMU experience, which has been characterised by wage moderation,thereby eliciting criticism from Posen and...

Im Jahr der Fußballeuropameisterschaft wirdgerne an das legendäre Zitat des DortmunderFußballidols Adi Preißler aus der frühen Nachkriegszeiterinnert: „Grau ist alle Theorie, entscheidendist auf‘m Platz.“ Und nicht nur dieFußballkennerinnen und -kenner aus demRuhrgebiet wissen, was...