We use a computable general equilibrium model incorporating trade unions, efficient Nash contracts, existing distortions, and international trade to measure the deadweight loss in Canada arising from the ability of unions to raise wages above competitive levels. The model incorporates two...

In this paper we analyse the influence of characteristics of the income distribution in modelling aggregate consumption expenditure. We model the aggregate consumption relation of a heterogeneous population, using a statistical distributional approach of aggregation, and apply it to UK-Family...

The usual approach to wage discrimination asks whether certain individuals receive lower wages for the same level of productivity characteristics. The reverse approach asks whether these individuals are more productive given the same wages. When these hypotheses are tested, incompatible...