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In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-labour costs in a closed economy represent the most important factor in determining the price level. The second most important driver of price level changes is the exchange rate. A positive economic...
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“Dualism” in the structure of production across sectors of the US economy, employment bysector, productivity levels and …
Persistent link: https://www.econbiz.de/10012910292
interpretations concerning the ability of flexible nominal wages in assuring full employment in the economy. It is argued that …
Persistent link: https://www.econbiz.de/10005196774
In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage...
Persistent link: https://www.econbiz.de/10009355901
reforms on output and employment …
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employment, wages, and productivity. Evidence generally shows these forces to be offsetting, usually resulting in small … employment and earnings effects and sometimes in large, positive effects on productivity and scale. Foreign ownership usually has …
Persistent link: https://www.econbiz.de/10011421952
This study examines the long-term correlates of bullying in school with aspects of functioning in adult employment … outlines why bullying might affect employment outcomes through differences in skills and traits. Using Bivariate and Heckit … labour force participation, employment rate and hourly wages are negatively affected by bullying. In addition, men …
Persistent link: https://www.econbiz.de/10009754885
bottom firms catching up with top firms in the Republic of Korea and the richest EU countries. Regarding employment and labor … skills, employment growth has generally been quite stagnant in all regions. Labor skills, for which we use the wage premium …. Our test of the productivity−employment link indicates that the size of employment tends to have a greater impact on …
Persistent link: https://www.econbiz.de/10012545925