We investigate the impact of inflation targeting and central bank independence on wage formation and unemployment using a panel of 20 OECD countries from 1982-2003. The results suggest that monetary institutions matter for wage formation. Real wages are on average higher under inflation...

Increased shiftwork is often discussed in connection with reductions of working time in order to promote work sharing. This paper provides a model in which shiftwork responds endogenously. It is shown that there is no presumption that shiftwork will respond in such a way as to guarantee a...