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In this study we examine the contribution of severance pay to employment and unemployment development using data on industrialized OECD countries. Our starting point is Lazear's (1990) empirical dictum that severance payment requirements adversely impact the labor market. We extend his sample...
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and firm attribute, whereas it shrinks the returns to union bargaining power. Therefore, firm-specific arrangements, in …. Union bargaining power raises the overall wage level, but lowers the returns on worker attributes, an outcome of the …
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enterprise formation is adversely affected by economic risks, unemployment compensation, union power, and labor protection …
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to workplace innovation. Under our theoretical model, which extends the Cournot duopoly innovation model, local union … the theory with workplace data for Britain and Norway. Results are consistent with the theory: local union bargaining is … positively associated with product innovations in both countries. In Norway, local union bargaining is also positively associated …
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