Despite declining bargaining power, unions continue to generate a wage premium. Some feel collective bargaining has had … its day. Politicians on both sides of the Atlantic have recently called for the removal of bargaining rights from workers … productivity growth. If this is where the premium originates, then firms and workers benefit. Without unions bargaining …

wages are determined by continuous bargaining between the firm and its employees. The model generates a non … facts about the joint distribution of firm size, firm growth, and wages in the U.S. economy. We also conduct a numerical …

Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to … expectations about inflation and future growth. Migration plays a significant role to balance wages across regions and countries …

We study the effects of mobility costs in a model of wage bargaining between workers and firms, where there is …

importance of individual bargaining in wage determination. We show that simple survey questions accurately elicit firms …' bargaining strategies. Using the elicited strategies for 772 German firms, we document that the majority of firms are willing to … engage in individual wage bargaining. Labor market factors predict firms' strategies better than firm characteristics. Survey …

bargaining, minimum wages, employment protection and unemployment benefits affect the way in which wages respond to labor supply … shocks, and, hence, the labor market effects of immigration. We employ a wage-setting approach which assumes that wages …

This paper examines how collective bargaining through unions and workplace co-determination through works councils … representative German plant data for the years 1999-2016, we document that 70% of employers pay wages below the marginal revenue … product of labour and 30% pay wages above. We further find that the prevalence of wage mark-downs is significantly smaller …

This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find … opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with …

-specific wage levels in a public-sector setting where wages otherwise are set according to individualized wage bargaining. The … agreement stipulated that wages should increase in proportion to the number of low-paid females within each establishment. We … find that actual wages among incubents responded to the share of females with a wage below the stipulated threshold …

We construct a model integrating the efficiency wage model of Shapiro-Stiglitz (1984) with the matching-bargaining …