This paper studies the efficient agreements about the dependence of workers' earnings on employment, when the … employment level is controlled by firms. The firms ' superior information about profitability conditions is responsible for this … form of contract governance. Under plausible assumptions, such agreements will cause employment to diverge from efficiency …

This paper studies the efficient agreements about the dependence of workers' earnings on employment, when the … employment level is controlled by firms. The firms ' superior information about profitability conditions is responsible for this … form of contract governance. Under plausible assumptions, such agreements will cause employment to diverge from efficiency …

and wages, employment, productivity, and economic output in China. The findings indicate that union density does not … affect average wage levels, but is positively associated with aggregate productivity and output. We discuss if and to what …

, employment, and productivity, many direct and indirect effects are at play. To ensure a transparent and systematic flow of the …

This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that … workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have … past. Another is lower trade union membership. Alternatively, it might be driven by a fall in productivity as a result of a …