This paper investigates the difference between firms' actual and expected employment along the amount of loan invested … by them. In addition, it examines the relationship between the amount of loan received by firms and wages. Empirically … that there is a range of the loan amount for which firms' expected employment meets their actual one. In contrast, there is …

Nearly one-third of all American workers are paid very low wages, the highest rate among wealthy nations. An incidence … since the mid-1990s, French unemployment and employment rates show stability or improvement as well as strong convergence to … worsening employment opportunities for vulnerable workers. Making work pay for the bottom third of the workforce should be a top …

This paper introduces a two-stage union-oligopoly-council model of wage and employment determination wherein at the … first stage wage is negotiated through collective bargaining and at the second stage employment in each firm is co … of bargaining power and co-determination power. In particular, works councils always increase employment while their …

This paper introduces a two-stage union-oligopoly-council model of wage and employment determination wherein at the … first stage wage is negotiated through collective bargaining and at the second stage employment in each firm is co … of bargaining power and co-determination power. In particular, works councils always increase employment while their …

entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the no … therefore the smaller the level of employment in the long run. Commitment on the part of the union leads to lower wages, and …. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each …