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We propose a novel framework that integrates the "task approach" for a more precise production modeling into the search-and-matching model with low- and high-skilled workers, and wage setting by labor unions. We establish the relationship between task reallocation and changes in wage pressure,...
Persistent link: https://www.econbiz.de/10013414223
Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in … to adopt collective bargaining. We rationalize those stylized facts using a partial equilibrium model that allows us to … evaluate firms' value functions under individual or collective bargaining. Exporting further decreases average production costs …
Persistent link: https://www.econbiz.de/10013040479
Labour market reforms have been undertaken to eliminate labour market rigidities in European countries since 1970s. The important features of the reforms are the reduction in adjustment costs and the introduction of fixed-term contracts (FTC). Some empirical studies point out that employment...
Persistent link: https://www.econbiz.de/10012303137
Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in … to adopt collective bargaining. We rationalize those stylized facts using a partial equilibrium model that allows us to … evaluate firms' value functions under individual or collective bargaining. Exporting further decreases average production costs …
Persistent link: https://www.econbiz.de/10010438358
We propose a novel framework that integrates the "task approach" for a more precise production modeling into the search-and-matching model with low- and high-skilled workers, and wage setting by labor unions. We establish the relationship between task reallocation and changes in wage pressure,...
Persistent link: https://www.econbiz.de/10013392126
We propose a novel framework that integrates the "task approach" for a more precise production modeling into the search-and-matching model with low- and high-skilled workers, and wage setting by labor unions. We establish the relationship between task reallocation and changes in wage pressure,...
Persistent link: https://www.econbiz.de/10013415325
framework. The model framework combines monopolistic product market competition with search frictions and bargaining in the … labor market, allowing for both individual and collective (unionized) wage bargaining. We attribute the extraordinary … macroeconomic and financial volatility of this period to two factors: Shifts in the wage bargaining regime and in the degree of …
Persistent link: https://www.econbiz.de/10005861193
Persistent link: https://www.econbiz.de/10013454104
Persistent link: https://www.econbiz.de/10001460053
Persistent link: https://www.econbiz.de/10011391991