This paper analyzes the effects of personal taxes on wage bargaining. It concludes that an increase in tax progressivity will normally increase union wage-bargaining pressure and so raise the equilibrium wage. This is the opposite result to that recently derived by J. Creedy and I. M. McDonald...

This paper demonstrates that Alfred Marshall's four rules for the determinants of the elasticity of derived demand, as amended by John R. Hicks, are inapplicable except in special circumstances, such as Cobb-Douglas technology. Generalized versions of the rules are derived for the more normal...

This paper calibrates a life cycle model which incorporates standard assumptions, similar to those in F. Modgliani's (1986) 'stripped down' version, including perfect capital markets. The resulting model generates strongly counterfactual predictions: planned wealth is negative for all or most of...

Evidence suggests that a significant proportion, though by no means all, of bequests is equally divided among the beneficiaries. This is inconsistent with standard models of bequests, which predict that equal division should occur only by chance. This paper proposes a modified model...

This book brings together ten original studies on the transition and growth experience and the foundations for long-term growth of the newly independent states created by the dissolution of the Soviet Union.

When future income is uncertain, the standard model of stochastic life cycle behavior does not provide an operatio nal basis for consumer choice because it is too complex to be solved either analytically or intuitively by the human brain (even if computer-assisted). This paper proposes an...

This paper criticizes the main existing models of the trade union for assuming that union objectives are coterminous with those of union me mbers, thus neglecting the role of the union leadership. The discussi on is related to traditional controversies about whether unions shoul d be seen as...