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Real and nominal wage adjustment in open economies
Forslund, Anders; Gottfries, Nils; Westermark, Andreas - 2005
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the medium term evolution of real wages and competitiveness? To answer these...
Persistent link: https://www.econbiz.de/10010317904
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Prices, productivity, and wage bargaining in open economies
Forslund, Anders; Gottfries, Nils; Westermark, Andreas - 2008
According to the standard union bargaining model, unemployment benefits should have big effects on wages, but product market prices and productivity should play no role in the wage bargain. We formulate an alternative strategic bargaining model, where labour and product market conditions...
Persistent link: https://www.econbiz.de/10010322003
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Fixed-Term Contracts and the Duration Distribution of Unemployment
Güell, Maia - Institute for the Study of Labor (IZA) - 2003
In the mid-1980s, many European countries introduced fixed-term contracts. Since then their labor markets have become more dynamic. This paper studies the possible implications of such reforms for the duration distribution of unemployment. I estimate a parametric duration model using...
Persistent link: https://www.econbiz.de/10005761780
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Supervision and Effort in an Intertemporal Efficiency Wage Model: The Role of the Solow Condition
Faria, Joao Ricardo - School of Economics, University of Kent - 1998
The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10005763212
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On Employment Contracts with Heterogeneous Workers and Endogenous On-the-job Search
Kiraly, Francis - Centre for Economic Research, School of Economics and … - 2003
This paper considers an equilibrium search model with on-the-job search where firms set wages.We look at optimal employment contracts when workers are heterogeneous and choose search intensity. Firms may want to retain their good workers by matching any offers that these employees may receive...
Persistent link: https://www.econbiz.de/10005767552
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Fixed-term contracts and the duration distribution of unemployment
Güell, Maia - Department of Economics and Business, Universitat … - 2002
In the mid-1980s, many European countries introduced fixed-term contracts. Since then their labor markets have become more dynamic. This paper studies the implications of such reforms for the duration distribution of unemployment, with particular emphasis on the changes in the duration...
Persistent link: https://www.econbiz.de/10005772148
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Fixed-Term Contracts and the Duration Distribution of Unemployment
Güell, Maia - C.E.P.R. Discussion Papers - 2002
In the mid-1980s, many European countries introduced fixed-term contracts. Since then their labour markets have become more dynamic. This Paper studies the implications of such reforms for the duration distribution of unemployment, with particular emphasis on the changes in the duration...
Persistent link: https://www.econbiz.de/10005123695
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Supervision and Effort in an Intertemporal Efficiency Wage Model: The Role of the Solow Condition
Faria, João Ricardo - 1998
The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10010443316
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Real and Nominal Wage Adjustment in Open Economies
Forslund, Anders; Gottfries, Nils; Westermark, Andreas - CESifo - 2006
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages and competitiveness? To answer these questions, we...
Persistent link: https://www.econbiz.de/10005094255
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Fixed-Term Contracts and the Duration Distribution of Unemployment
Güell, Maia - Centre for Economic Performance, LSE - 2001
In the mid-1980s, many European countries introduced fixed-term contracts. Since then their labor markets have become more dynamic. This paper studies the implications of such reforms for the duration distribution of unemployment, with particular emphasis on the changes in the duration...
Persistent link: https://www.econbiz.de/10005016658