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The paper first aims at showing that personal income distribution – at least after government intervention – tends to be a stationary variable for many European countries. This finding backs earlier results achieved by Ramser (1987). Furthermore, personal incomes follow a log-normal...
Persistent link: https://www.econbiz.de/10011410029
In this investigation, a political economy model of the labor market is proposed, where unions offer their (old and new) affiliates the combinations between the average real wage level and the standard deviation of wages or salaries. Globalization and other forces, however, have made it recently...
Persistent link: https://www.econbiz.de/10011704203
In this note, we recall that unions traditionally pursue a policy of pushing higher average wages and, at the same time, for a compression of the structure of wages and salaries, which is some sort of equity. Given the precipitous fall of union density in many, if not all, OECD countries, the...
Persistent link: https://www.econbiz.de/10011704222
Persistent link: https://www.econbiz.de/10011770665