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Real Wage Determinatioan in Collective Bargaining Agreements

Christofides, Louis N.; Oswald, Andrew J. - 2021

This paper studies the determinants of real wage rates using data on Canadian labour contracts signed between 1978 and 1984. Its results are consistent with Dunlop's neglected (1944) hypothesis that real pay movements are shaped by product price changes (contrary to the predictions of implicit...

Persistent link: https://www.econbiz.de/10013239166

Cyclical Movements in Wages and Consumption in a Bargaining Model of Unemployment

Rotemberg, Julio - 2021

This paper considers a model where individual workers bargain with firms over their wages and where their bargaining power is so strong that some workers are unemployed. The result is that an increase in the elasticity of demand facing individual firms raises employment (as in the case where the...

Persistent link: https://www.econbiz.de/10013247643

Unemployment Fluctuations with Staggered Nash Wage Bargaining

Gertler, Mark - 2010

A number of authors have recently emphasized that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle. We address this issue by modifying the MP framework...

Persistent link: https://www.econbiz.de/10012760666

Wage-Setting Institutions as Industrial Policy

Davis, Steven J.; Henrekson, Magnus - 2022

centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 … identify the rise and fall of centralized wage-setting arrangements as a major factor in the evolution of Sweden's industry … accounted for about 40 percent of U.S.-Swedish differences in the industry distribution. The dissolution of Sweden's centralized …

Persistent link: https://www.econbiz.de/10014039683

Central Banks : Evolution and Innovation in Historical Perspective

Bordo, Michael D. - 2017

Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...

Persistent link: https://www.econbiz.de/10012947026

Were Trade and Factor Mobility Substitutes in History?

Collins, William J.; O'Rourke, Kevin Hjortshøj; … - 2021

Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...

Persistent link: https://www.econbiz.de/10013218517

Firms' Sickness Costs and Workers' Sickness Absences

Böheim, René - 2014

In many countries, social security insures firms against their workers' sickness absences. The insurance may create a moral hazard for firms, leading to inefficient monitoring of absences or to an underinvestment in the prevention of absences. We exploit an administrative threshold in the...

Persistent link: https://www.econbiz.de/10013050299

Peer Effects in European Primary Schools : Evidence from Pirls

Ammermüller, Andreas; Pischke, Jörn-Steffen - 2021

We estimate peer effects for fourth graders in six European countries. The identification relies on variation across classes within schools. We argue that classes within primary schools are formed roughly randomly with respect to family background. Similar to previous studies, we find sizeable...

Persistent link: https://www.econbiz.de/10013233466

Central Bank Credibility : An Historical and Quantitative Exploration

Bordo, Michael D. - 2015

In this paper we provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries. To the extent we are able to apply reliable institutional information we can also indirectly assess their role in influencing the credibility of the...

Persistent link: https://www.econbiz.de/10013030622

Education Research and Administrative Data

Figlio, David N. - 2015

Thanks to extraordinary and exponential improvements in data storage and computing capacities, it is now possible to collect, manage, and analyze data in magnitudes and in manners that would have been inconceivable just a short time ago. As the world has developed this remarkable capacity to...

Persistent link: https://www.econbiz.de/10013014667