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change. We argue that all of these forces primarily operate through a bargaining power channel measured by the cost of job … loss, and that the reduction in labor's share of income has been driven by lower bargaining power for workers. Moreover, we … bargaining power and suggests that structural economic changes and weak economic performance in the U.S. have increased …
Persistent link: https://www.econbiz.de/10012660337
inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …
Persistent link: https://www.econbiz.de/10009157624
inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …
Persistent link: https://www.econbiz.de/10009309510
Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the US economy from 1953 to 1998. Avoiding potential estimation biases that have occurred in earlier studies and putting a high emphasis on the consistency of the data set, required by...
Persistent link: https://www.econbiz.de/10011604413
Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the US economy from 1953 to 1998. Avoiding potential estimation biases that have occurred in earlier studies and putting a high emphasis on the consistency of the data set, required by...
Persistent link: https://www.econbiz.de/10005292788
We analyse the effects of interest rate variations on the rates of capacity utilisation, capital accumulation and profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation regimes depending on the values of the parameters in the...
Persistent link: https://www.econbiz.de/10009549819
Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...
Persistent link: https://www.econbiz.de/10003772369
-contractible but can be included in extended collective bargaining when workers participate in management, but employment is still … traditional bargaining over wages to extended (but still second-best) bargaining can generate a Pareto welfare improvement. -- job …-satisfaction; bargaining ; unemployment …
Persistent link: https://www.econbiz.de/10003115146
American public sector unions and collective bargaining have been subjected to a vicious attack under the auspices of … disintegration of aggregate demand and employment are eerily similar to the financial crisis and collapse that led to the Great … the moneyed class, are attempting to use the predicament as an opportunity to attack collective bargaining and other …
Persistent link: https://www.econbiz.de/10013083112
greater when the ESOP is the product of collective bargaining or employees own a larger stake of firm equity. Employee well …
Persistent link: https://www.econbiz.de/10015048811