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Reflections on wage-setting
Zimmermann, Klaus F. - 2018
Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
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Wage cyclicality and labour market institutions
Pereira, João Manuel; Ramos, Raúl; Martins, Pedro S. - 2024
Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labour market institutions - collective bargaining and temporary contracts - upon wage...
Persistent link: https://www.econbiz.de/10014486321
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Drivers and effects of labour market reforms : evidence from a novel policy compendium
Adascalitei, Dragos; Morano, Clemente Pignatti - In: IZA journal of labor policy 5 (2016) 15, pp. 1-32
The paper analyses the determinants and short-term effects of labour market reforms, using information from a novel policy compendium that covers 110 developed and developing economies between 2008 and 2014. We find that the approval of reforms is positively associated with the unemployment...
Persistent link: https://www.econbiz.de/10011522366
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Der Flächentarifvertrag: eine kritische Würdigung aus ökonomischer Sicht
Fitzenberger, Bernd; Franz, Wolfgang - In: Ökonomische Analyse von Verträgen, (pp. 191-232). 2000
Persistent link: https://www.econbiz.de/10001526081
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Der Flächentarifvertrag: eine kritische Würdigung aus ökonomischer Sicht
Fitzenberger, Bernd; Franz, Wolfgang - 1999
This paper examines critically the system of industry-level wage bargaining in Germany. More specifically, it shows that the importance of industry-level wage bargaining declines in Germany and that one major reason for this development is the highly restrictive institutional framework. However,...
Persistent link: https://www.econbiz.de/10013428282
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Der Flächentarifvertrag : eine kritische Würdigung aus ökonomischer Sicht
Fitzenberger, Bernd; Franz, Wolfgang - 1999
auf. Denn Lohnverhandlungen ausschließlich auf der betrieblichen Ebene führen dort zu teilweise beachtlichen …
Persistent link: https://www.econbiz.de/10011443451
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Der strukturell bedingte Anstieg der Arbeitslosigkeit in Europa : Ursachen und Lösungsansätze
Fehn, Rainer - 1997 - 1. Aufl.
Persistent link: https://www.econbiz.de/10000626612
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Perverse effects of two-tier wage bargaining structures : two-tier wage bargaining fails to link wages more closely to productivity and increases allocative inefficiencies
Boeri, Tito - 2015
Debate over labor market flexibility focuses mainly on firing costs, while largely ignoring wage determination and the need for collective bargaining reform. Most countries affected by the euro debt crisis have two-tier bargaining structures in which plant-level bargaining supplements national...
Persistent link: https://www.econbiz.de/10011422777
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Efficient wage bargaining in a dynamic macroeconomic model
Böhm, Volker; Claas, Oliver - 2012
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union … market is cleared in a competitive way. It is shown that, for each level of union power, measured by the share it obtains of … union power, temporary equilibria may exhibit voluntary overemployment or underemployment with the competitive equilibrium …
Persistent link: https://www.econbiz.de/10009514990
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Value of work : bargaining, job-satisfaction, and taxation in a simple GE model
FitzRoy, Felix R. (contributor);  … - 2005
Job-satisfaction as a component of workers' utility has been strangely neglected, with work usually regarded as reducing utility and the benefits of leisure. This is contradicted by many empirical studies showing that unemployment is a major cause of unhappiness, even when income is controlled...
Persistent link: https://www.econbiz.de/10003115146