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Workfare proposals concentrate on the work incentives for welfare recipients, thus focusing on the labor supply side. This paper analyzes the effects workfare has on labor demand when the labor market is unionized. As workfare reduces the number of recipients of public financial assistance, a...
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Workfare proposals concentrate on the work incentives for welfare recipients, thus focusing on the labor supply side. This paper analyzes the effects workfare has on labor demand when the labor market is unionized. As workfare reduces the number of recipients of public financial assistance, a...
Persistent link: https://www.econbiz.de/10001757848
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It is well known from the literature that a unionisation of labour markets leads to an increase in wages and a decrease in employment. However, in these models human capital formation is usually taken as given. This paper internalises the education decision and shows that a unionisation of the...
Persistent link: https://www.econbiz.de/10010440955
In the United States, labor's share of income falls after a positive disturbance to productivity growth or inflation …, and it remains low for some time. Previous researchers have argued that the negative relationship between productivity … wages would predict the observed behavior of labor's share after a productivity disturbance, and it also predicts the …
Persistent link: https://www.econbiz.de/10009299014