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Why do wages become more rigid during a recession than during a boom?
Yokoyama, Izumi - In: IZA Journal of Labor Economics 3 (2014), pp. 1-23
This paper provides a theoretical and empirical analysis of the effect of performance-based layoffs on wage rigidity in the context of performance pay. In the model, it becomes optimal for firms to raise future regular pay to maintain workers' current efforts, which results in downwardly rigid...
Persistent link: https://www.econbiz.de/10010463701
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Labour market institutions and amplification of employment fluctuations
Matsue, Toyoki - In: Central European economic journal 6 (2019) 53, pp. 164-173
important features of the reforms are the reduction in adjustment costs and the introduction of fixed-term contracts (FTC). Some …
Persistent link: https://www.econbiz.de/10012303137
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What moves the Beveridge curve and the Phillips curve : an agent-based analysis
Chen, Siyan; Desiderio, Saul - 2018
Understanding what moves the Phillips curve is important to monetary policy. Because the Phillips curve has experienced over time movements similar to those characterizing the Beveridge curve, the authors jointly analyze the two phenomena. They do that through an agent-based macro model based on...
Persistent link: https://www.econbiz.de/10011776979
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Optimal combination of wage cuts and layoffs-the unexpected side effect of a performance-based payment system
Yokoyama, Izumi; Obara, Takuya - In: IZA journal of labor policy 6 (2017) 14, pp. 1-15
This study analyzes the trade-off relationship between layoffs and wage cuts. If the introduction of a performance-based payment system stimulates workers’ pecuniarymotivated minds, their morale can be damaged more severely by wage cuts than prior to the introduction thereof. Utilizing this...
Persistent link: https://www.econbiz.de/10011820621
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Job placement agencies in an artificial labor market
Wozniak, Marcin - 2016
In this paper, an agent-based search and matching (ABSAM) model of a local labor market with heterogeneous agents and an on-the-job search is developed, i.e. job seekers who vary in unemployment duration, skills levels and preferences compete for vacancies which differ for skills demands and the...
Persistent link: https://www.econbiz.de/10011557520
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Contracts, negotiation, and learning : an examination of termination provisions
Ariño, Africa; Reuer, Jeffrey J.; Mayer, Kyle J.; … - In: Journal of management studies : JMS 51 (2014) 3, pp. 379-405
Persistent link: https://www.econbiz.de/10010357619
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Teamwork and intra-firm wage dispersion among blue-collar workers
Jirjahn, Uwe; Kraft, Kornelius - In: Scottish journal of political economy : the journal of … 57 (2010) 4, pp. 404-429
Persistent link: https://www.econbiz.de/10008652073
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The consequences of trade union power erosion : declining union power would not be an overwhelming cause for concern if not for rising wage inequality and the loss of worker voice
Addison, John T. - 2014
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....
Persistent link: https://www.econbiz.de/10011419472
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Stabileres Tarifvertragssystem durch Stärkung der Allgemeinverbindlicherklärung?
Schulten, Thorsten; Bispinck, Reinhard - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 93 (2013) 11, pp. 758-764
. Because of the declining bargaining coverage, calls for a stabilisation of the collective bargaining system are increasing. In …
Persistent link: https://www.econbiz.de/10010202161
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Union wage effects : what are the economic implications of union wage bargaining for workers, firms, and society
Bryson, Alex - 2014
Despite declining bargaining power, unions continue to generate a wage premium. Some feel collective bargaining has had … its day. Politicians on both sides of the Atlantic have recently called for the removal of bargaining rights from workers … productivity growth. If this is where the premium originates, then firms and workers benefit. Without unions bargaining …
Persistent link: https://www.econbiz.de/10011415227