A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. The analysis shows that the unions'...

Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...

Changes in economic systems provide a rare opportunity to redesign basic institutional structures in labor markets. This paper attempts to provide guidance for such institutional choice by drawing on the findings of recent labor market research in market economies on the links between...

In this paper we empirically examine the impact of labor market flexibility on FDI flows to oil-rich GCC and compare it to middle income countries in 2006-2011. We account for potential endogeneity and nonstationarity and adopt system GMM and IV estimation methodologies. Our findings show that...

The paper delves into the ways in which EU competition law affects the right of workers to combine with each other and act, collectively, in the furtherance of their rights and interests at work, in particular by means of collective agreements concluded with one or more employers. It begins by...

This paper is composed of two parts. First, using international data, I corroborate that union density in the U.S. declined because of asymmetric growth between the union and nonunion sectors. I show union density to increase in countries experiencing strong manufacturing growth, and to decline...

This paper presents the methodology, key results and statistical analysis of the 2015 Indicators for Regulatory Policy Governance (iREG) to complement the OECD Regulatory Policy Outlook 2015. Three composite indicators were constructed corresponding to three key principles of the 2012 OECD...

Affirmative action, or positive discrimination favouring the members of marginalized populations, is a key policy approach for addressing group-based inequalities along ethnic, religious, and racial lines (e.g. horizontal inequalities). It is adopted in dozens of countries around the world in...

This paper critiques The Regulation of Labor, an empirical study recently published by Juan C. Botero, Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer in the Quarterly Journal of Economics. The Regulation of Labor extends these authors' comparative research to...