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Estimates of union wage effects have been challenged due to concerns over unobserved worker heterogeneity and endogenous job changes. Many believe that union wage premiums lead to business failures and other forms of worker displacement. In this paper, displacement rates and union wage gaps are...
Persistent link: https://www.econbiz.de/10012858501
What members do unions protect? This question is relevant to an ongoing debate about union wage distribution. This paper investigates how unionization affects the relationship between involuntary job loss and a worker's unobservable ability. Taking advantage of detailed micro-level panel data...
Persistent link: https://www.econbiz.de/10012831380
The paper investigates the impacts of demographic change on the financial sustainability of a pay-as-you-go social security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations approach, it can be shown that the trade union behavior...
Persistent link: https://www.econbiz.de/10011592074
Estimates of union wage effects have been challenged due to concerns over unobserved worker heterogeneity and endogenous job changes. Many believe that union wage premiums lead to business failures and other forms of worker displacement. In this paper, displacement rates and union wage gaps are...
Persistent link: https://www.econbiz.de/10012138618
' rents via firm-specific wages, average profits are higher under sector-level trade unions. As a consequence, firm …
Persistent link: https://www.econbiz.de/10011299454
The basic trade union model is extended to allow for a more sophisticated unemployment benefit system consisting of two benefit levels, one for short-term and one for long-term unemployed, and a rule determining whether an unemployed is short- or long-term. The purpose of this extension is...
Persistent link: https://www.econbiz.de/10011536221
This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10013317547
Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect … horizontal mergers are substantially decreased, if involuntary unemployment exists. However, in full employment economies, demand …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …
Persistent link: https://www.econbiz.de/10003836388
Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect … horizontal mergers are substantially decreased, if involuntary unemployment exists. However, in full employment economies, demand …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …
Persistent link: https://www.econbiz.de/10003849829
Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect … horizontal mergers are substantially decreased, if involuntary unemployment exists. However, in full employment economies, demand …
Persistent link: https://www.econbiz.de/10012719113