, finally, (vii) What is the overall cross-country time-series evidence regarding the employment effect of the minima? The aim …

This paper derives and then estimates a model of employment where unions and firms bargain over wages and possibly … employment, and efficiency wage considerations may be important. It illustrates the difficulties involved in interpreting many … existing attempts to discriminate between alternative models. The results (based on over 200 UK firms) suggest that employment …

negotiations. Wage and employment decisions are assumed to be made before business conditions are known; thus these decisions … effectiveness of various government policies on production, employment, and pricing. Hysteresis is shown to be a special case in a …

employment expansion, an effect quite different from the source of gains from trade in the conventional approach. Second, we show …

firms exist in equilibrium, aggregate employment and vacancies are suboptimal. Imposing a fixed exogenous wage, for example …

induce firms to shift the composition of employment towards good jobs. As a result, such regulations, even though they will …

taxation are only partly shifted from employers to employees, employment should also fall. Our results indicate that a 10 …% increase in payroll taxes lowered formal employment by between 4% and 5%. In addition, we find less shifting and larger …