Narrow search
Showing 1 - 10 of 14,474
Cover Image
Efficient wage bargaining in a dynamic macroeconomic model
Böhm, Volker; Claas, Oliver - 2012
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …. Wages and aggregate employment levels are set according to an efficient (Nash) bargaining agreement while the commodity … the total production surplus, efficient bargaining implies no efficiency loss in production. Depending on the level of …
Persistent link: https://www.econbiz.de/10009514990
Cover Image
Trade union objectives and economic growth
Irmen, Andreas; Wigger, Berthold U. - 2001
union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate …
Persistent link: https://www.econbiz.de/10011399719
Cover Image
Classical political economy and secular stagnation
Luzuriaga, Manuel Cruz; Tavani, Daniele - 2021
This paper presents a model of secular stagnation, income and wealth distribution, and employment in the Classical … of substitution is above one, the wage share falls. Both Piketty and Gordon assume full employment at all times. In our … explanation, which does not presuppose full employment, the key tension is between profit-driven capital accumulation and wage …
Persistent link: https://www.econbiz.de/10012659139
Cover Image
Income shares, secular stagnation, and the long-run distribution of wealth
Petach, Luke; Tavani, Daniele - 2018
Four alarming stylized facts have characterized the recent economic history of the United States: (i) a fall in labor productivity; (ii) a fall in the labor share, (iii) an increase in the capital income ratio, and (iv) an increase in the wealth share owned by top income earners. In this paper,...
Persistent link: https://www.econbiz.de/10011926938
Cover Image
Minimum wages and insurance within the firm
Adamopoulou, Effrosyni; Manaresi, Francesco; Rachedi, Omar - 2021
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand...
Persistent link: https://www.econbiz.de/10012795332
Cover Image
Minimum Wages and Insurance within the Firm
Adamopoulou, Effrosyni; Manaresi, Francesco; Rachedi, Omar - 2022
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand...
Persistent link: https://www.econbiz.de/10014083969
Cover Image
Minimum wages and insurance within the firm
Adamopoulou, E rosyni; Manaresi, Francesco; Rachedi, Omar; … - 2024
Minimum wages generate an asymmetric pass-through of rm shocks across workers. We establish this result leveraging employer-employee data on Italian metalmanufacturing rms, which face di erent wage oors that vary within occupations. In response to negative rm productivity shocks, workers close...
Persistent link: https://www.econbiz.de/10014518663
Cover Image
The Lost Race Against the Machine : Automation, Education, and Inequality in an R&D-Based Growth Model
Prettner, Klaus - 2017
We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with two types of labor: high-skilled labor that is complementary to machines and low-skilled labor that is a substitute for machines. The model predicts that innovation-driven...
Persistent link: https://www.econbiz.de/10012942150
Cover Image
Wealth inequality, uninsurable entrepreneurial risk and firms markup
Brien, Samuel - 2021
This paper examines the effect of wealth concentration on firms' market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth distribution are more risk averse and less willing (or...
Persistent link: https://www.econbiz.de/10012670916
Cover Image
The lost race against the machine : automation, education, and inequality in an R&D-based growth model
Prettner, Klaus; Strulik, Holger - 2017
We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with two types of labor: high-skilled labor that is complementary to machines and low-skilled labor that is a substitute for machines. The model predicts that innovation-driven...
Persistent link: https://www.econbiz.de/10011754634