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The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …
Persistent link: https://www.econbiz.de/10012894049
Market driven wage dispersion is a critical feature of income inequality. In this paper especially the Keynesian perspective on how to explain the global trends of rising wage dispersion is elaborated. Special attention is given to the policy implications derived from the analysis. Keynesian...
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empirical analysis further suggests that, on net, unions have an equalizing effect on the distribution of wages. …
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The NBA's 1999 Collective Bargaining Agreement (CBA) included provisions capping individual player pay in addition to team payrolls. This study examines the effect the NBA's maximum player salary on player rents by comparing player pay from the 1997 - 1998 and 2003 - 2004 seasons while...
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responsiveness of workers' wages on firms' ability to pay in order to assess the extent to which employers share rents with their …
Persistent link: https://www.econbiz.de/10011772944