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We analyze the bargaining problem of an incumbent firm and a union when the wage contract becomes generally binding. Our main application relates to competition among operators of mail delivery networks. We describe the Deutsche Post case which highlights the raising rivals' costs incentive and...
Persistent link: https://www.econbiz.de/10008498395
This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real...
Persistent link: https://www.econbiz.de/10005605266
reported results for Sweden do no support the suggestion that adverse employment effects are modest in systems with …
Persistent link: https://www.econbiz.de/10005645367
The process leading to the setting of the minimum wage so far has been overlooked by economists. There are two common ways of setting national minimum wages: they are either government legislated or the byproduct of collective bargaining agreements, which are extended erga omnes to all workers....
Persistent link: https://www.econbiz.de/10010577407
The purpose of this paper is to ascertain how wages are being determined in China during the reform period. The paper focuses on the development of the regulatory framework since 1978 and proceeds by examining official regulations regarding labor market institutions and wage setting, and by...
Persistent link: https://www.econbiz.de/10010818583
Just as the standard two-way fixed effects model for estimating the impact of minimum wages on employment has been … policy is also alleged to obtain in such circumstances where the true effect of minimum wages is upon employment growth … statistically insignificant employment effects for an archetypal low-wage sector. We report that a continued focus on employment …
Persistent link: https://www.econbiz.de/10010402096
This paper studies how minimum wage policies affect firm employment in China using a unique county level minimum wage … or large profit margin increase employment, while those with low wages or small profit margin downsize. The increase in … the monopsony rent of firms.Our results provide evidence for the theoretical predictions of the positive minimum wage-employment …
Persistent link: https://www.econbiz.de/10010342996
Persistent link: https://www.econbiz.de/10012206303
Persistent link: https://www.econbiz.de/10012180876
Recent attempts to incorporate spatial heterogeneity in minimum-wage employment models have been attacked for using … overly simplistic trend controls, and for neglecting the potential impact on employment growth. We investigate whether such … considerations call into question our earlier findings of statistically insignificant employment effects for the restaurant …
Persistent link: https://www.econbiz.de/10010440736