costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …

. 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 …

protection decreases job creation as well as job destruction. However, in most models, wages are bargained individually between … workers and firms. Using a conventional matching model in which a monopoly union sets wages, I show that employment protection …

This paper presents conflicting evidence on trends in private sector union and nonunion wages. The BLS quarterly …-nonunion wages. Household evidence from the Current Population Survey (CPS) can potentially reconcile the conflicting ECI … a steep decline in relative union wages, similar to that seen in the ECI. Regression estimates using the CPS, similar in …

's wage policy and enacted the Code on Wages in August 2019. The reform measures include the establishment of a statutory … code, the Government has now outlined the implementation mechanism by notifying the draft Code on Wages (Central) Rules in … at which the floor and minimum wages are set and the degree of compliance. The paper also examines the proposed …