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An analysis of labour adjustment costs in unionized economies
Modesto, Leonor; Thomas, Jonathan P. - 2000
. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …
Persistent link: https://www.econbiz.de/10011339692
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An analysis of labour adjustment costs in unionized economies
Modesto, Leonor; Thomas, Jonathan P. - In: Labour economics : official journal of the European … 8 (2001) 4, pp. 475-501
Persistent link: https://www.econbiz.de/10001607019
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An analysis of labour adjustment costs in unionized economies
Modesto, Leonor; Thomas, Jonathan P. - 2000
. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …
Persistent link: https://www.econbiz.de/10001567020
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Severance pay and the shadow of the law : evidence for West Germany
Goerke, Laszlo (contributor); Pannenberg, Markus (contributor) - 2005
Due to the complexity of employment protection legislation (EPL) in Germany, there is notable uncertainty about the outcomes of dismissal conflicts. In this study we focus on severance pay and inquire whether its incidence and level varies in a systematic manner with the legal rules as defined...
Persistent link: https://www.econbiz.de/10003297598
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Severance pay and the shadow of the law : evidence for west Germany
Goerke, Laszlo (contributor); Pannenberg, Markus (contributor) - 2005
Due to the complexity of employment protection legislation (EPL) in Germany, there is notable uncertainty about the outcomes of dismissal conflicts. In this study we focus on severance pay and inquire whether its incidence and level varies in a systematic manner with the legal rules as defined...
Persistent link: https://www.econbiz.de/10003230706
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Understanding European unemployment with a representative family model
Ljungqvist, Lars; Sargent, Thomas J. - In: Journal of monetary economics 54 (2007) 8, pp. 2180-2204
Persistent link: https://www.econbiz.de/10003614137
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Essays on employment protection
Kessing, Sebastian (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001790272
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An Analysis of Labour Adjustment Costs in Unionized Economies
Thomas, Jonathan; Modesto, Leonor - 2021
. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the no … and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …
Persistent link: https://www.econbiz.de/10013321212
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Nominal-wage setting and the theory of games
Bliss, C. J. - In: Economic analysis of markets and games : essays in …, (pp. 19-42). 1992
Persistent link: https://www.econbiz.de/10001284019
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Essays in economic theory, growth and labour markets : a festschift in honour of E. Drandakis
Mpētros, Geōrgios K. (contributor); Drandakis, E. (honouree) - 2002
Persistent link: https://www.econbiz.de/10001653681