costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

This paper combines two of the most central features of modern labor markets - immigrants and unions - to examine the … firms and the careers of incumbent workers. First, unions push immigrants to enter lower-paying and lower-quality firms with …

underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany …-wage firms, would not be viable at current wages. …

. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

protection decreases job creation as well as job destruction. However, in most models, wages are bargained individually between … workers and firms. Using a conventional matching model in which a monopoly union sets wages, I show that employment protection …

This paper presents conflicting evidence on trends in private sector union and nonunion wages. The BLS quarterly …-nonunion wages. Household evidence from the Current Population Survey (CPS) can potentially reconcile the conflicting ECI … a steep decline in relative union wages, similar to that seen in the ECI. Regression estimates using the CPS, similar in …

labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although …