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the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is … progressivity is below the actual level. A decomposition approach shows that the optimal level is increased by high unemployment and … ; unemployment …
Persistent link: https://www.econbiz.de/10003888037
wages, this may explain why there is no clear effect of coordination on unemployment. -- Imperfect competition model ; price … markup ; labor market institutions ; unemployment ; panel data model …
Persistent link: https://www.econbiz.de/10008665180
effect of coordination on unemployment. -- Imperfect competition model ; price markup ; labor market institutions … ; unemployment ; panel data model …
Persistent link: https://www.econbiz.de/10003938886
in the initial conditions. The effect of the initial unemployment rate is particularly strong. The higher initial … unemployment. the higher optimal tax progressivity. Another important driver is the general tax level. High taxes in the initial …
Persistent link: https://www.econbiz.de/10014201134
A perceived need to increase nominal wage flexibility as a substitute for domestic monetary policy and a tendency to less wage moderation are likely to promote bargaining co-ordination and social pacts in the EMU. But such co-ordination is not likely to be sustainable in the long run, as it...
Persistent link: https://www.econbiz.de/10011399330
find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in … between the growth and unemployment rates results. …
Persistent link: https://www.econbiz.de/10010457726
A perceived need to increase nominal wage flexibility as a substitute for domestic monetary policy and a tendency to less wage moderation are likely to promote bargaining coordination and social pacts in the EMU. But such coordination is not likely to be sustainable in the long run, as it...
Persistent link: https://www.econbiz.de/10013320872
We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a … magnify, and not dampen, this tendency. Further, higher outsourcing will increase equilibrium unemployment among the high … unemployment under the reasonable condition that the proportion of high-skilled workers is sufficiently low …
Persistent link: https://www.econbiz.de/10014051183
Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low …
Persistent link: https://www.econbiz.de/10003422977
This paper investigates how demographic change affects the financial sustainability of a defined benefit pay-as-you-go social security system in an environment with collective bargaining on the labor market. Temporary equilibrium analysis shows that the contribution rate decreases, if the...
Persistent link: https://www.econbiz.de/10011993820