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We analyze the welfare and employment effects of different wage bargaining regimes. Within the large firm search model, we show that collective bargaining affects employment via two channels. Collective bargaining exerts opposing effects on job creation and wage setting. Firms have a stronger...
Persistent link: https://www.econbiz.de/10010427560
This paper endeavours to provide a comprehensive analysis of the nature and the possible importance of “global excess liquidity”, a concept which has attracted considerable attention in recent years. The contribution of this paper is threefold. First, we present some conceptual discussion on...
Persistent link: https://www.econbiz.de/10011604742
How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...
Persistent link: https://www.econbiz.de/10010262483
globalization trends where financial market development can more easily substitute for it. …
Persistent link: https://www.econbiz.de/10010303691
This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent – which is known from other contexts –...
Persistent link: https://www.econbiz.de/10010262452
The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With … cannot easily switch industries and wages are inflexible in the short run, globalization tends to increase unemployment. In … popular views about the globalization effects in the U.S. and continental Europe. The results also suggest that the welfare …
Persistent link: https://www.econbiz.de/10010300187
that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10010271917
According to EVA's annual attitude and value survey, two out of three Finns believe that globalization means loosing … indicates that the employment effects of globalization are rather modest, who is afraid of globalization and why? In this … analysis it is found that highly educated, service sector, and male employees are the least afraid of globalization …
Persistent link: https://www.econbiz.de/10010273022
This paper presents one of the few empirical estimates of the impact of globalization, here represented by trade flows …
Persistent link: https://www.econbiz.de/10011429682
This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (Job Creation and Job Destruction in the Theory of Unemployment, 1994) give rise to unemployment and a channel for the government to...
Persistent link: https://www.econbiz.de/10010310506