Burda, Michael C.; Fitzenberger, Bernd; Lembcke, Alexander - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
, as predicted by the theoretical model, for both types of collective agree-
ments.
Keywords: Union wage effect, stochastic …,w∗parenrightbig and coincides with the
spot wage distribution for all w ≥ w∗. This direct wage effect is shown in Figure 2 as the
first … to the direct wage effect because—
comparing outcomes across labor markets with different θ—employment is positively cor …