Showing 1 - 10 of 11,974
age pattern affects wages and (un)employment. We develop a general equilibrium model where wages for young and old workers … relative number of older workers for a given labor force size has no effect on young and old unemployment. If, however, unions … attach a higher weight to the wishes of the old, the unemployment rate of the old (young) will increase (decrease). In this …
Persistent link: https://www.econbiz.de/10003852231
A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...
Persistent link: https://www.econbiz.de/10010257588
social insurance system. Supplementary information on establishments and on unemployment periods in which a claimant received …
Persistent link: https://www.econbiz.de/10011325668
The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered program that supplies voluntary employment opportunities on demand for all who are ready and willing to work at a living wage. While it is first and foremost a jobs program, it has...
Persistent link: https://www.econbiz.de/10011816870
International comparisons show that countries with co-ordinated wage setting generally have lower unemployment than … circumstances a passive regime may induce co-operation in wage setting, and thus lower unemployment, when a stricter regime would …
Persistent link: https://www.econbiz.de/10011398035
increases unemployment because firms with the least powerful labor unions have to leave the market. …
Persistent link: https://www.econbiz.de/10011758385
of firms, implying a reduction of the unions' expected bargaining power. Moreover, union heterogeneity constitutes an (un)employment … liberalization will increase (decrease) unemployment. …
Persistent link: https://www.econbiz.de/10011879328
increases unemployment because firms with the least powerful labor unions have to leave the market. …
Persistent link: https://www.econbiz.de/10011737334
In an economy with large wage setters (like industry unions), the monetary regime affects the trade-off between consumer real wages and employment and profits faced by the wage setters. This paper shows that an exchange rate target, including participation in a monetary union, is likely to...
Persistent link: https://www.econbiz.de/10011408717
The Mortensen and Pissarides (1994) matching model with all wages negotiated each period is shown inconsistent with macroeconomic wage dynamics in the US. This applies even when heterogeneous match productivities, time to build vacancies and credible bargaining are incorporated. Wage rigidity...
Persistent link: https://www.econbiz.de/10010472486