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We examine union-non-union differentials in wages and hours in the United States over the last 50 years using data from the Current Population Survey (CPS). The regression-adjusted difference between union members' and non-members' hourly earnings has been falling since the Great Recession. The...
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equilibrium setting where wages are determined by sectoral bargaining between firms and trade unions. The model is calibrated to …
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Labour market reforms that are designed to stimulate labour supply at the lower end of the wage distribution can never be precisely restricted to affect only the target group. Spillovers to and feedback from other segments of the labour market are unavoidable and may counteract the direct...
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In labour markets with collective wage bargaining higher progressivity of the labour income tax creates a trade-off. On … numerical general equilibrium model with imperfect competition on the goods market, collective wage bargaining and a labour … by the general tax level. -- labour taxation ; tax progressivity ; optimal taxation ; collective wage bargaining …
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This paper introduces staggered right-to-manage wage bargaining into a New Keynesian business cycle model. Our key …
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