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This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...
Persistent link: https://www.econbiz.de/10010297735
This paper investigates the increase in wage inequality, the decline in collective bargaining, and the development of the gender wage gap in West Germany between 2001 and 2006. Based on detailed linked employer-employee data, we show that wage inequality is rising strongly – driven not only by...
Persistent link: https://www.econbiz.de/10010300007
This paper investigates the increase in wage inequality, the decline in collective bargaining, and the development of the gender wage gap in West Germany between 2001 and 2006. Based on detailed linked employer-employee data, we show that wage inequality is rising strongly - driven not only by...
Persistent link: https://www.econbiz.de/10010269865
methods, for example, and find strong support for explanations based on labor union contracts and implicit wages for Germany …. Furthermore, survey respondents indicated that labor union contracts and implicit contracts are important reasons for wage … skilled. In contrast to the US experience for German firms insider-outsider behavior, labor union contracts and specific human …
Persistent link: https://www.econbiz.de/10010297890
This paper examines the relationship between institutions and the remuneration of different jobs by comparing the German and Belgian labour markets with respect to a typology of institutions (social representations, norms, conventions, legislation, and organisations). The observed institutional...
Persistent link: https://www.econbiz.de/10010280666
When enacting labor market regulation governments face courts that interpret and implement the legal code. We show that the incentives for governments for labor market reform increase with the uncertainty that is involved in the implementation of legal codes through courts. Given that judges...
Persistent link: https://www.econbiz.de/10010264164
European countries, with a special attention to the new European Union member countries. This may allow us to analyse effects …
Persistent link: https://www.econbiz.de/10010276606
How will the commitment to price stability affect labour market rigidities in the European Monetary Union? I explore a …
Persistent link: https://www.econbiz.de/10010284237
Using a newly constructed macroeconometric model for Germany and the rest of the Euro area, we investigate the macroeconomic effects of structural labor market reforms in Germany. We find that neither the fact that Germany can no longer pursue an independent monetary policy nor the possibility...
Persistent link: https://www.econbiz.de/10010272958
Persistent link: https://www.econbiz.de/10011696199