Showing 1 - 10 of 566
, suggesting that in the absence of coercion, unions may still retain some membership providing they can continue to provide non …
Persistent link: https://www.econbiz.de/10005666596
stock market valuations throughout the 1920s. Landmark court decisions in favour of trade unions in the late 1920s, as well …
Persistent link: https://www.econbiz.de/10005497733
The Paper examines real and nominal wage rigidities. We estimate a switching regime model, in which the observed distribution of individual wage changes, computed from West German register data for 1976-97, is generated by simultaneous processes of real, nominal or no wage rigidity, and...
Persistent link: https://www.econbiz.de/10005666775
The need for locational competition among labour markets arises when labour is immobile. At the same time market clearing under such conditions can lead to wage and income variability. In such cases demand for insurance against regional shocks arises, which can be provided by nationwide...
Persistent link: https://www.econbiz.de/10005124289
Existing theories of unions emphasize their impact on wage levels relative to the opportunity cost of leisure. This … paper explores the possibility that monopoly unions provide income insurance against idiosyncratic wage variability. An …
Persistent link: https://www.econbiz.de/10005124366
Using several unique data sets on wage agreements at both the firm- and the industry-levels in France, we examine the impact of typical European wage-setting institutions on the form and the degree of wage rigidity. We highlight different stylized facts concerning wage stickiness. First, in...
Persistent link: https://www.econbiz.de/10008554243
This paper uses a new data source to investigate whether wages rise more with seniority in unionized or non-unionized workplaces. The data distinguish workers who are covered by incremental wage scales with automatic progression by seniority. For union workers with seniority scales, the union...
Persistent link: https://www.econbiz.de/10005656195
Existing literature on the strategic interaction between the central bank (CB) and unions assumes that firms face …. This is done in a three stage game, in the first stage of which unions contractually set nominal wages, in the second stage … employment and output even when inflation is fully anticipated by labour unions and even when unions are indifferent to inflation …
Persistent link: https://www.econbiz.de/10005124489
This paper presents a simple search and bargaining economy in which firms use concave production. Because a firm and worker negotiate over the worker's marginal productivity, the firm's wage is a function of its labour force. Reacting to this wage function, firms choose an excessively large and...
Persistent link: https://www.econbiz.de/10005656122
markets, particularly those in which unions are active. We investigate this idea empirically using a cross-section of UK …
Persistent link: https://www.econbiz.de/10005666859