Using wage agreements reached in the Canadian unionized sector during 1976-99, a period of high as well as exceptionally low inflation, we consider how histograms of wage adjustment changed as inflation reached the low levels of the 1990s. The histograms and parametric tests suggest that wage...

We consider and attempt to understand the gender wage gap across 26 European countries, using 2007 data from the European Union Statistics on Income and Living Conditions. The size of the gender wage gap varies considerably across countries, definitions of the gap, and selection-correction...

Does bank market power affect firm performance? We answer this question by examining 25,236 syndicated loan facilities granted between 2000 and 2010 by 296 banks to 9,029 US non-financial firms. Even though recently poorly-performing firms obtain loans from banks with more market power, we find...

This paper proposes a labour supply function that allows not only for backward-bending behaviour at high but also for forward-falling behaviour at low wage rates. The proposed model adheres to the fundamentals of consumer theory and encompasses all well-known and widely used semi-log labour...

It is known that multidimensional Downsian competition fails to admit an equilibrium in pure strategies unless very stringent conditions on the distribution of voters’ bliss points are imposed (Plott 1967). This paper revisits this problem considering that the two vote share maximizing...

A controversial issue in the US is how to reduce the number of illegal immigrants and what effect this would have on the US economy. To answer this question we set up a two-country model with search in labor markets and featuring legal and illegal immigrants among the low skilled. We calibrate...