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We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local … external increasing returns to scale, where capital is the unique asset. We find that a slight increase in unions power may … of the system. In fact, while an increase in the bargaining power of unions reduces the scope for local indeterminacy …
Persistent link: https://www.econbiz.de/10010262436
behaviour of trade unions? To approach these questions theoretical as well as empirical methods were used. The empirical methods …
Persistent link: https://www.econbiz.de/10011698337
We consider a real business cycle model with a productive externality and an aggregate non- convex technology set µa la Benhabib and Farmer embodying capacity utilization, which exhibits indeterminacy of the steady state and multiplicity of deterministic equilibria under plausible values of the...
Persistent link: https://www.econbiz.de/10011753163
If a profit-maximising firm credibly commits to an employment-enhancing Corporate Social Responsibility (CSR) objective in negotiations with a trade union, the union can reduce its wage demands. Lower wages, ceteris paribus, raise profits, while the increase in employment enhances the payoff of...
Persistent link: https://www.econbiz.de/10014516688
Relative wages have been remarkably rigid for the last two decades in Danish manufacturing despite large shifts in relative employment from unskilled labor towards skilled and educated labor. Assuming capital-skill complementarity and fixed relative wages as a consequence of labor market...
Persistent link: https://www.econbiz.de/10010272877
Credit constraints that link a private agent’s debt to market-determined prices embody a credit externality that drives a wedge between competitive and constrained socially optimal equilibria, inducing private agents to overborrow. The externality arises because agents fail to internalize the...
Persistent link: https://www.econbiz.de/10010292300
Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. We find that business cycle models should consider overlapping generations and elastic labor supply in order to replicate this finding.
Persistent link: https://www.econbiz.de/10010264090
well as the role of changing attitudes of employees towards unions are not fully clear, but the rise of the informal sector …
Persistent link: https://www.econbiz.de/10012249280
well as the role of changing attitudes of employees towards unions are not fully clear, but the rise of the informal sector … Tarifverhandlungen und die Rolle veränderter Einstellungen gegenüber Gewerkschaften sind nicht ganz geklärt, aber das Wachstum des …. Ein wichtigerer Prädiktor der Tarifbindung ist die Ebene der Tarifverhandlungen. Die Tarifbindung ist meist in Ländern mit …
Persistent link: https://www.econbiz.de/10012250685
well as the role of changing attitudes of employees towards unions are not fully clear, but the rise of the informal sector …
Persistent link: https://www.econbiz.de/10012270143