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that firm agreements exert a stronger impact on wages than on productivity, so that profitability is hampered. However … wages beyond productivity when the rents to be shared between workers and firms are relatively big. Overall, this suggests … that firm-level agreements benefit to both employers and employees - through higher productivity and wages - without being …
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We investigate the determinants of firms' implicit insurance to employees, using a difference-indifference approach: we rely on differences between family and non-family firms to identify the supply of insurance, and exploit variation in unemployment insurance across and within countries to...
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Higher labor costs (higher wage rates and employee benefits) make workers better off, but they can reduce companies' profits, the number of jobs, and the hours each person works. Overtime pay, hiring subsidies, the minimum wage, and payroll taxes are just a few of the policies that affect labor...
Persistent link: https://www.econbiz.de/10011413582
Higher labor costs (higher wage rates and employee benefits) make workers better off, but they can reduce companies' profits, the number of jobs, and the hours each person works. The minimum wage, overtime pay, payroll taxes, and hiring subsidies are just a few of the policies that affect labor...
Persistent link: https://www.econbiz.de/10013252965
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and increase gross domestic product (GDP). On the other hand, low wages attract investments in low-technology industries …
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