This paper uses an overlapping generations model with international labor mobility and apolitically responsive fiscal policy to examine aging in developed and developing regions.Migrant workers change the political structure composed of young and elderly voters in bothlabor-receiving and...

We study differences in the adjustment of aggregate real wages in the manufacturing sectorover the business cycle across OECD countries, combining results from different data anddynamic methods. Summary measures of cyclicality show genuine cross-countryheterogeneity even after controlling for...

We analyze the following questions associated with flexible outsourcing under partlyimperfect dual domestic labour markets, where high skilled workers participate in firm’s profitvia profit sharing: How does the implementation of profit sharing influence flexibleoutsourcing? What is the...

There is a debate on whether executive pay reflects rent extraction due to “managerialpower” or is the result of arms-length bargaining in a principal-agent framework. In this paperwe offer a test of the managerial power hypothesis by empirically examining the CEOcompensation of U.S. public...

We use Lithuanian, Latvian and Estonian LFS data (2002-2007) complemented with severalother surveys to compare the profile of Baltic temporary workers abroad before and after EUaccession with that of stayers and return migrants. Determinants of migration and return, aswell as selection issues...

This paper focuses on the links between informal care provision and labour market activity atthe sub-national level. Within-country analysis of this issue has been very limited to datedespite the wide regional variations in informal care provision that often exist. This issue isimportant in the...

The potentially adverse labor market effects of severance pay mandates are a continuingsource of policy concern. In a seminal study, Lazear (1990) found that contract avoidance ofseverance pay firing costs was theoretically simple – a bonding scheme would do – but thatempirically the labor...

Building on the right-to-manage model of collective bargaining, this paper tries to infer unionpower from the observed results in wage setting. It derives a time-varying indicator of unionstrength and confronts it with annual data for Germany. The results show that union powerwas relatively...

European Social Survey data on 30 countries, covering years 2004-2009, are used to lookinto joint institutional [and other macro] determinants of the rates of dependent employmentwithout a contract, informal self-employment, and unemployment (secondary jobs are notaccounted for). Consistently...

The European Social Survey data are used to analyze informal employment at the main jobin 30 countries. Overall, informality decreases from South to West to East to North. However,dependent work without contract is more prevalent in Eastern Europe than in the West,except for Ireland, the UK and...