Argentina has had a profound regulatory activity to counteract the coronavirus pandemic so far and its consequences, which appear to worsen as time goes by. Based on the experience of other countries, a strict lockdown was put into place at an early stage, which has been opening up slowly but...

Background: Locus of control relates to generalized expectations of an individual about the location of command over subsequent occurrences. Generally, there are two types of locus o control: internal and external. Locus of control impacts to the job satisfaction and motivation of employees...

Are wages really a good proxy of the value of labour? Or, alternatively, do they largely reflect socio-institutional embedded practices of current societies according to which a manager deserves to be paid more than a nurse? This paper studies the determinants of wage remuneration and wage...

We present a formal model of the effect of heightened product market competition induced by trade liberalization on the distribution of income between profits and wages. Integration increases the employment cost of wage demands, thereby decreasing bargained wages and the share of rents accruing...

This study provides an assessment of the features that, operating "inside the black box", shapes the evolution of the Italian economy. In the first section the focus is placed on the functioning of the labour market at the aggregate level. The picture described suggests that the Italian labour...

In all continental European countries there exist non-market mechanisms that determine or "regulate" wage rates for the low-paid. We consider the experience of three countries that have national minimum wages - France, Belgium, and the Netherlands - and three where low wage rates are determined...

Empirical evidence presented in this paper, based on survey data for Canadian childcare workers in 1991, contradicts most stereotypes of the childcare labor market. Although childcare labor was low-wage, the authors find that the union impact on wages (15%) and fringe benefits was in line with...

This paper offers empirical evidence on the impact of trade unions on wage inequality in Mexico. The results indicate that unions were a strongly equalizing force affecting the dispersion of wages in 1984, but were only half as effective at reducing wage inequality in 1996. Not only did the...

The Austrian school is unique for its emphasis of the capital structure of an economy. In this paper, I explore what this “capital-based” approach to macroeconomics with its focus on capital as a structure and the heterogeneity of not only physical but also human capital might teach us about...

The performance of an optimally managed float is compared with that of a credibly fixed exchange rate in a small open-economy framework where wages are set by a monopoly union. Two key results emerge. First, a sufficient condition for the managed float to outperform a fixed rate is that the...