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Macroeconomic Effects of Social Security Privatization in a Small Unionized Economy
Adam, Antonis - 2021
This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady state may result in lower levels of...
Persistent link: https://www.econbiz.de/10013318796
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Business cycle uncertainty and economic welfare revisited
Heiberger, Christopher; Maußner, Alfred - 2018 - Preliminary version
Cho, Cooley, and Kim (RED, 2015) (CCK) consider the welfare effects of removing multiplicative productivity shocks from real business cycle models. In a model that admits an analytical solution they argue convincingly that the positive welfare effect of removing uncertainty can be dominated by a...
Persistent link: https://www.econbiz.de/10011881736
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Welfare Analysis of Cities : Urban Sprawl, Transportation Pricing, and the Optimal Rawlsian Town
Basso, Leonardo J.; Pezoa, Raul; Silva, Hugo E. - 2021
This paper studies the Rawlsian first-best allocation in a monocentric city model using a unifying framework of land ownership. We show that a Rawlsian planner would not choose the market outcome, except for the extreme case of public land ownership in which all the differential rent is...
Persistent link: https://www.econbiz.de/10013221126
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Trade unions and Corporate Social Responsibility
Goerke, Laszlo - 2020
Trade unions distort a profit-maximising firm's input choice. The nature of the resulting inefficiency depends on … whether there are wage negotiations or there is efficient bargaining. Moreover, trade unions redistribute income and thereby …-enhancing role of trade unions more likely in the presence of wage negotiations. The reverse is true in case of efficient bargaining. …
Persistent link: https://www.econbiz.de/10012312884
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Trade unions and corporate social responsibility
Goerke, Laszlo - 2020
Trade unions distort a profit-maximising firm's input choice. The nature of the resulting inefficiency depends on … whether there is wage or efficient bargaining. Moreover, trade unions redistribute income and thereby affect welfare. If firms …. Importantly from a normative vantage point, such CSR objectives make a welfare-enhancing role of trade unions more likely in the …
Persistent link: https://www.econbiz.de/10012436160
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Collective bargaining about corporate social responsibility
Goerke, Laszlo; Paulus, Nora - 2024
If a profit-maximising firm credibly commits to an employment-enhancing Corporate Social Responsibility (CSR) objective in negotiations with a trade union, the union can reduce its wage demands. Lower wages, ceteris paribus, raise profits, while the increase in employment enhances the payoff of...
Persistent link: https://www.econbiz.de/10014505808
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Choice of Union-Firm Bargaining Agenda and Social Welfare
Pal, Rupayan - 2014
This paper shows that with a strong labour union, bargaining over piece rate generates higher social welfare than bargaining over fixed wage. Moreover, this social welfare exceeds the social welfare under efficient bargaining level, if the union is very strong
Persistent link: https://www.econbiz.de/10014063276
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The impact of trade on employment, welfare, and income distribution in unionized general oligopolistic equilibrium
Egger, Hartmut; Etzel, Daniel - 2010
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10003935376
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The impact of trade on employment, welfare, and income distribution in unionized general oligopolistic equilibrium
Egger, Hartmut; Etzel, Daniel - 2009
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10003923568
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The Impact of Trade on Employment, Welfare, and Income Distribution in Unionized General Oligopolistic Equilibrium
Egger, Hartmut - 2010
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10013149008