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This paper reports research examining differences in the earnings distributions of unionized and non-unionized workers and the impact of union status on the likelihood of a worker being in each region of the earnings distribution. Average earnings of unionized workers are shown to be higher than...
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The authors develop an approach for simultaneously analyzing the determinants of grievance filing activity and grievance outcomes at each stage of the grievance process. The value of this approach is demonstrated by an analysis of grievance data from a Canadian private sector firm for the years...
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Distribution-free techniques of statistical inference are developed for the cumulative coefficients of variation of an income distribution, thus allowing one to test for inequality dominance when Lorenz curves cross. The full covariance structure of the cumulative sample means and variances is...
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This article demonstrates that when consumers are offered a choice between pickup and delivery, a firm can increase profits relative to the case when no choice is tendered, as in the mill or uniform spatial pricing models. Further, this choice yields a lower level of welfare than that obtained...
Persistent link: https://www.econbiz.de/10005133314
Within the context of a stochastic growth economy, the shocks to technology are modeled as a four-state Markov process. The parameters of this process are chosen so that the implied conditional distributions for the marginal product of capital can be ordered in terms of first- and second-order...
Persistent link: https://www.econbiz.de/10005609051
The new Keynesian Phillips curve (NKPC) has become central to monetary theory and policy. A seemingly benign NKPC prediction is that trend shocks dominate price level fluctuations at all forecast horizons. Since the NKPC cycle of the U.S. GDP deflator peaks at each of the last seven NBER dated...
Persistent link: https://www.econbiz.de/10005401927