This paper evaluates the effects of a fall in payroll taxes on employment and wages in the presence of high labor …

cover impacts on turn-over, employment, wages, investments, long run debts and profits. A second short coming is the time … are later used to increase wages (including owners wages). Later on in the observation period (after 7 years) we find …

will use their power to bargain for higher wages at the expense of outsiders’ possibility of becoming employed. The extent … 21 percent of the increase in wage earnings was a result of higher bargained wages, 57 percent of the wage increase … in the form of higher bargained wages, even in the case of a small number of workers with the most bargaining power. …