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In the early 2000s, Poland's unemployment rate reached 20%. That is now a distant memory, as employment has increased noticeably and the unemployment rate had dropped to 3.4% in 2021. The labor force participation of older workers increased following reforms aimed at prolonging careers. However,...
Persistent link: https://www.econbiz.de/10014331190
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...
Persistent link: https://www.econbiz.de/10011404832
Traditional models of the labor market typically assume that wages are set by the market, not the firm. However, over … suggest that a monopsonistic model, where individual firms and not the market set wages, may be more appropriate. This model … attributes more wage-setting power to firms, particularly during economic downturns, which helps explain why wages decrease …
Persistent link: https://www.econbiz.de/10011662673
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and...
Persistent link: https://www.econbiz.de/10011156479
The Netherlands is an example of a highly institutionalized labor market that places considerable attention on equity concerns. The government and social partners (unions and industry associations) seek to adjust labor market arrangements to meet the challenges of increased international...
Persistent link: https://www.econbiz.de/10011820344
Norway has a high labor force participation rate and a very low unemployment rate. Part of the reason for this fortunate situation is so-called “tripartism”: a broad agreement among unions, employers, and government to maintain a high level of coordination in wage bargaining. This has led to...
Persistent link: https://www.econbiz.de/10011873687
Workers participating in firm-sponsored training receive higher wages as a result. But given that firms pay the …
Persistent link: https://www.econbiz.de/10012510497
Norway has a rather high labor force participation rate and a very low unemployment rate. Part of the reason for this fortunate situation is the so-called “tripartism”: a broad agreement among unions, employers, and government to maintain a high level of coordination in wage bargaining. This...
Persistent link: https://www.econbiz.de/10012510501
wages, is sufficiently large to suggest that they are in high demand and that there is a relative scarcity. Policymakers …
Persistent link: https://www.econbiz.de/10011573619
wages, is sufficiently large to suggest that they are in high demand and that there is a relative scarcity. Policymakers …
Persistent link: https://www.econbiz.de/10012510498