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This paper is an empirical critique of Barry Eichengreen's interpretation of the exceptional growth performance of Western Europe during the 1950s and 1960s. The main part of the paper shows that, at least for the important case of West Germany, Eichengreen fs view of a broad-based economic and...
Persistent link: https://www.econbiz.de/10010275298
This paper analyzes wage competition between national trade unions caused by the international mobility of capital. Perfect capital mobility leads to a Bertrand result for the outcome of wage competition: A pure strategy equilibrium implies full employment in all countries. It is shown that such...
Persistent link: https://www.econbiz.de/10010275331
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This article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource...
Persistent link: https://www.econbiz.de/10010275829
The conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10010291983
According to the previous literature on hiring, ?rms face a trade-off when deciding on external recruiting: From an incentive perspective, external recruiting is harmful since admission of external candidates reduces internal workers’ career incentives. However, if external workers have high...
Persistent link: https://www.econbiz.de/10010293365
Seit der Vereinigung Deutschlands durchläuft die Wirtschaft der jungen Bundesländer eine Transformationskrise, die ihresgleichen sucht — zumindest was die Schärfe und Tiefe des Produktions- und Beschäftigungseinbruchs betrifft. In keiner der anderen post-sozialistischen Volkswirtschaften...
Persistent link: https://www.econbiz.de/10010294964
Stage Three of the European Monetary Union (EMU) will start on January 1, 1999. The new currency area, for which the name "Euroland" has been coined, will comprise 11 countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. The...
Persistent link: https://www.econbiz.de/10010294965
den sechziger Jahren mit 5,4 vH und in den siebziger Jahren mit über 4 vH. Die Lohnpolitik kann nicht davon ausgehen, daß …
Persistent link: https://www.econbiz.de/10010294970