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Preferences for collective versus individualised wage setting

Boeri, Tito (contributor); Burda, Michael C. (contributor) - 2008

Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination … rigidity ; employment protection ; equilibrium unemployment …

Persistent link: https://www.econbiz.de/10003641613

Wage flexibility in a unionized economy with stable wage dispersion

Carlsson, Mikael; Häkkinen Skans, Iida; Nordström … - 2019

The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … changes in regional unemployment. Accounting for the fluctuations in composition of the employees is important for 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/10011973148

Scars of recessions in a rigid labor market

Cockx, Bart; Ghirelli, Corinna - 2015

We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...

Persistent link: https://www.econbiz.de/10010488823

Monetary policy and nominal rigidities under low inflation

Holden, Steinar - 2001

to be cut, workers stronger bargaining position requires higher unemployment in equilibrium. However, inflation is more …

Persistent link: https://www.econbiz.de/10011398859

Has the Dutch miracle come to an end?

Ours, Jan C. van - 2003

In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this … unemployment rate in the Netherlands has increased somewhat. However, since the huge decline in unemployment was due to structural … improvements in the functioning of the labor market there is not a lot of reason to worry about the recent rise in unemployment …

Persistent link: https://www.econbiz.de/10011507711

How strong is the macroeconomic case for downward real wage rigidity?

Holden, Steinar (contributor); … - 2007

This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at the industry level. Based on a nonparametric statistical method, which allows for country- and year-specific variation in both the...