This paper shows that the symptoms of the German Disease - high export growth, high unemployment and low real GDP growth - are easily explained by unbalanced real wage growth within the framework of a neoclassic open economy model: In this model unbalanced real wage growth causes unemployment...

This paper presents a selective survey of the recent literature on labour market institutions. It describes the different empirical approaches used to explore the nexus between labour market institutions and labour market performance. It stresses that the effect of institutions is complex in...

In our contemporary legal landscape, a student of the law of the workplace has scarce opportunity to encounter an integrated body of scholarship which analyzes the labor market as the subject of government regulation, contractual duties, collective action, and individual rights. This essay,...

A large and growing literature has identified several conditions, including exporting, that contribute to plant survival. A prevailing sentiment suggests that anti-sweatshop activity against plants in developing countries adds the risk of making survival more difficult by imposing external...

There may be no phrase used more in professional sports than “competitive balance.” League commissioners and commentators alike emphasize the importance to have parity among teams in a sport. They argue that for the long-term health and growth of a sport, fans must have the belief that...

The basic objective of this paper is to understand the key compensation and benefits trends across sectors in the Indian private market along with the fluctuations in the projected scenario and that of the actual environment. There is no to less number of studies which explains the trends of the...

This article analyses the subjective value of stock options to executives. For this purpose it specifies a valuation model which incorporates recent findings from the field of subjective expected utility theory. The model suggests that rather than there necessarily being a value gap, executives...

This testimony was prepared for the House Committee on Education and Labor hearing, “Standing with Public Servants: Protecting the Right to Organize,” regarding the Public Service Freedom to Negotiate Act and the Public Safety Employer-Employee Cooperation Act, which took place in June 2019....

How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals' earnings in 31 different data sets from sixteen countries, from which...

Has greater turbulence among firms fueled rising wage instability in the United States? Earlier research by Gottschalk and Moffitt shows that rising earnings instability was responsible for one-third to one-half of the rise in wage inequality during the 1980s. These growing transitory...