The micro- and macroeconomic effects of the declining power of trade unions have been hotly debated by economists and policymakers. Nevertheless, the empirical evidence shows that the impact of the decline on economic aggregates and firm performance is not an overwhelming cause for concern....

Sozialpartnerschaft in Deutschland wird oft gewürdigt. Das partielle sachorientierte Zusammenwirken in Tarifrunden und Ausschüssen der Sozialversicherungen ist zweifellos nutzbringend. Kompetenz vor Ort wird berücksichtigt. Transaktionskosten werden gemindert. Für eine Bewältigung...

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...

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...