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This paper addresses the design of the machinery of collective bargaining from the perspective of microeconomic and … adjustment. In the latter context, close attention is also paid to changes in collective bargaining along the dimensions of … bargaining coverage, structure, and coordination. Support is adduced for the German, contemporary Scandinavian, and British …
Persistent link: https://www.econbiz.de/10011573234
This paper addresses the design of the machinery of collective bargaining from the perspective of microeconomic and … adjustment. In the latter context, close attention is also paid to changes in collective bargaining along the dimensions of … bargaining coverage, structure, and coordination. Support is adduced for the German, contemporary Scandinavian, and British …
Persistent link: https://www.econbiz.de/10011986216
Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
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
The average employment rate for the OECD countries was close to 63 percent in the period 2000- 2015 but there is … considerable variation within and between countries. We find that a dynamic model for employment, derived from a multiple equation … the dynamics well and they imply interpretable estimates of the normal employment rate level, conditional on the state of …
Persistent link: https://www.econbiz.de/10012005508
The average employment rate for the OECD countries was close to 63 percent in the period 2000-2015 but there is … considerable variation within and between countries. We find that a dynamic model for employment, derived from a multiple equation … the dynamics well and they imply interpretable estimates of the normal employment rate level, conditional on the state of …
Persistent link: https://www.econbiz.de/10012018509
This paper studies the employment and reallocation effects of minimum wages in Germany in a search-and-matching model … with endogenous job search effort and vacancy posting, multiple employment levels, a progressive tax-transfer system, and …, hours worked and output without reducing employment. In frictional labor markets, however, reallocation takes time whenever …
Persistent link: https://www.econbiz.de/10014267170
asymmetry implies that an adverse, skill-neutral shock to aggregate employment may cause an increase in wage inequality, both …
Persistent link: https://www.econbiz.de/10011527123
This paper presents a model where the form of innovations is endogenous. It is shown that with labour market imperfections, which raise the wage above the shadow price of labour, firms over-invest in innovations cutting labour costs and under-invest in increasing quality. As a result, the market...
Persistent link: https://www.econbiz.de/10014151213
more employment with individual wage bargaining than with collective wage bargaining, using a wage equation generated by … bargaining power of the individual is high compared to the bargaining power of the union, there is more unemployment with … individual wage setting and vice versa. When the individual worker and the union have the same bargaining power, if the cost of …
Persistent link: https://www.econbiz.de/10011736724