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The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or … is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of … the explanatory variables. Building on a cointegration model of the employment rate in West Germany, I find only weak …
Persistent link: https://www.econbiz.de/10014173316
The employment of people with disabilities has received significant attention, but little is known about how unions …, supporting the voice model of unions. Overall the results indicate that while unions appear to help workers with disabilities in …
Persistent link: https://www.econbiz.de/10011996480
In this paper we present a search and matching model in which firms invest in sunk capital equipment. By comparing two wage setting scenarios, we show that a two-tier bargaining scheme, where a fraction of the salary is negotiated at firm level, raises the amount of investment per worker in the...
Persistent link: https://www.econbiz.de/10011951741
-skill occupations worsens the bargaining position of unions, which crucially depends on the occupational structure inside a firm. This …
Persistent link: https://www.econbiz.de/10012286315
regulatory conditions on immigrant-native gaps across four outcomes; unemployment, monthly earnings, underemployment, and … unemployment and underemployment. A higher union density appears to suppress wage differences across some immigrant groups, rather …
Persistent link: https://www.econbiz.de/10010439678
The Finnish unemployment rose in the early 1990 s from three to eighteen percent in four years. Unemployment has then … this unforeseen increase in unemployment. We then discuss the role of labour market institutions in the adjustment process … that has brought unemployment back to normal levels. We argue that these institutions cannot be blamed for the increase in …
Persistent link: https://www.econbiz.de/10011506222
The Finnish unemployment rose in the early 1990's from three to eighteen percent in four years. Unemployment has then … this unforeseen increase in unemployment. We then discuss the role of labour market institutions in the adjustment process … that has brought unemployment back to 'normal' levels. We argue that these institutions cannot be blamed for the increase …
Persistent link: https://www.econbiz.de/10001748397
in the initial conditions. The effect of the initial unemployment rate is particularly strong. The higher initial … unemployment. the higher optimal tax progressivity. Another important driver is the general tax level. High taxes in the initial …
Persistent link: https://www.econbiz.de/10014201134
the outcome of long-term unemployment which is the result of changing the nation’s socio-eco-political environment …
Persistent link: https://www.econbiz.de/10014202780
The paper suggests a channel through which past expectations affect current wage aspirations, leading to real wage rigidity. Expectations have a long-run impact on the composition of consumption because they determine the purchase of durables. Due to adjustment costs, moderate changes in income...
Persistent link: https://www.econbiz.de/10014116797