In this paper we study the relationship between labour market institutions and monetary policy. We use a simple macroeconomic framework to show how optimal monetary policy rules depend on labour institutions (labour adjustment costs, and nominal and real wage rigidity) and social preferences...

A basic feature of the industry wage model presented here is a distinction between unionized industries, with collective bargaining and thus a rigid setting framework, and non-unionized industries, where wage determination is more competitive.

For most of the twentieth century, collective bargaining provided the terms on which labour was commonly employed in Britain. However, the quarter century since 1980 has seen the collapse of collectivism as the main way of regulating employment. Our argument is that the tacit settlement between...

We investigate the effects of wage compression through centralized collective bargaining when growth depends on the continual reallocation of labor from older, less productive plants to new, more productive plants.

Der Beitrag skizziert die Entwicklung der Arbeitsbeziehungen in Deutschland seit dem erstmaligen Erscheinen der Zeitschrift „Industrielle Beziehungen“ aus arbeitsrechtlichem Blickwinkel. Dabei zeigt sich, dass es im Koalitionsrecht, im Tarifvertragsrecht, im Arbeitskampfrecht und im...

Der Beitrag untersucht auf der Basis von Fallstudien, standardisierten Befragungen von Beschaeftigten sowie von Personalraeten die Einfuehrung, die Akzeptanz und die Funktionalitaet von leistungsorientierter Bezahlung (LOB) im oeffentlichen Dienst am Beispiel der Kommunen Nordrhein-Westfalens....

As the 20th anniversary of the transition to democracy approaches in 2014, the economic policy debates in South Africa are in full flow. The forthcoming Oxford Companion to the Economics of South Africa contributes to the policy and analytical debate by drawing together perspectives on a range...

In a model with a unionised immobile labour force we analyse how labour taxes and transfers towards unemployed workers are optimally chosen when a welfare maximising government faces oligopolistic and partly mobile firms. We consider two polar types of government: one whose objective consists of...

In oligopolistic industries, increased cost saving opportunities via offshoring have a moderating effect on trade unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the negotiated wage becomes independent of workers’ bargaining...