bargaining over firing costs, the presence of statutory firing costs reduces employment distortions associated with trade unions …-period model with uncertainty. Where there are long-term employment relationships, and where risk-averse workers and risk … will be associated with a higher incidence of temporary employment contracts and short-term jobs. …

imperfectly competitive labour market where unions and firms bargain over wages and redundancy pay, the implicit contract result …

While most of the literature on employment protection has focused on government-mandated severance pay, it has recently … payments and examine the impact of unions on these choices. To do so, we use a search and matching model with risk averse … the job finding rate. Unions opt for higher levels of severance pay given that their higher wage demands imply reduced job …

period and firms react by choosing employment, and (ii) for the commitment equilibria where the union can precommit to the … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in … setting wages and determining work amenities. In the administrative data, we causally examine through which channels unions … influence worker outcomes, whether unions influence workers differently across their careers, and what the overall long …

estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in … setting wages and determining work amenities. In the administrative data, we causally examine through which channels unions … influence worker outcomes, whether unions influence workers differently across their careers, and what the overall long …

period and firms react by choosing employment, and (ii) for the commitment equilibria where the union can precommit to the … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in … setting wages and determining work amenities. In the administrative data, we causally examine through which channels unions … influence worker outcomes, whether unions influence workers differently across their careers, and what the overall long …

estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in … setting wages and determining work amenities. In the administrative data, we causally examine through which channels unions … influence worker outcomes, whether unions influence workers differently across their careers, and what the overall long …

period and firms react by choosing employment, and (ii) for the commitment equilibria where the union can precommit to the … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the no …-commitment case, decreases with adjustment costs in both models. Moreover adjustment costs affect the long run values of employment …