Efficiency Wages And Bargaining
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Author | : Asbjørn Rødseth |
Publisher | : |
Total Pages | : 28 |
Release | : 1991 |
Genre | : Collective bargaining |
ISBN | : |
Download Efficiency Wages and Local Versus Central Bargaining Book in PDF, Epub and Kindle
Author | : Steinar Holden |
Publisher | : |
Total Pages | : 14 |
Release | : 1988 |
Genre | : Collective bargaining |
ISBN | : |
Download Wage Bargaining and Efficiency Wages Book in PDF, Epub and Kindle
Author | : Jon Strand |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Wage Bargaining Versus Efficiency Wages Book in PDF, Epub and Kindle
We construct a model integrating the efficiency wage model of Shapiro-Stiglitz (1984) (SS), with an individual wage bargaining model in the Diamond-Mortensen-Pissarides (DMP) tradition where firms and workers form pairwise matches. We show that when workers may threaten to shirk on the job and there is individual wage bargaining, the wage is always higher and employment lower than in either the SS model, or the (appropriately modified) DMP model. When firms determine workers' efforts unilaterally, efforts are set inefficiently low in the SS model. In the bargaining model, effort is higher, and is first best when the worker non-shirking constraint does not bind. The overall equilibrium allocation may then be more or less efficient than in the SS model, but is always less efficient than in a pure bargaining model with no moral hazard.
Author | : Frank Walsh |
Publisher | : |
Total Pages | : 10 |
Release | : 2005 |
Genre | : Efficiency wage theory |
ISBN | : |
Download Efficiency Wages and Bargaining Book in PDF, Epub and Kindle
Author | : Mr.Ramana Ramaswamy |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 1993-03 |
Genre | : Business & Economics |
ISBN | : |
Download Centralized Bargaining, Efficiency Wages, and Flexibility Book in PDF, Epub and Kindle
The main focus of the “wage bargaining” literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper appraises the following questions: (a) what are the conditions under which a firm prefers decentralized to centralized bargaining?, (b) what are the characteristic features of firms which prefer decentralized to centralized bargaining?, and (c) has the proportion of firms which prefer decentralized bargaining increased over time? These questions are examined in an efficiency wage model with insider-outsider features. This paper provides useful theoretical insights for understanding the issues involved in shifting from centralized to decentralized wage bargaining.
Author | : Laszlo Goerke |
Publisher | : Springer Science & Business Media |
Total Pages | : 308 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461507871 |
Download Taxes and Unemployment Book in PDF, Epub and Kindle
This chapter has set out in detail the models which are employed below in order to analyse the labour market effects of changes in tax rates and in alterations in the tax structure. The fundamental mechanisms underlying the different approaches have been pointed out. Moreover, vital assumptions have been emphasised. By delineating the models which are used for the subsequent analyses, implicitly statements have also been made about topics or aspects which this study does not cover. For example, all workers and firms are identical ex ante. However, ex-post differences are allowed for, inter alia, if unemploy ment occurs or if some firms have to close down. These restrictions indicate areas of future research insofar as that the findings for homogeneous workers or firms yield an unambiguous proposal for changes in tax rates or the tax structure in order to promote employment. This is because it would be desir able for tax policy to know whether the predicted effects also hold in a world with ex-ante heterogeneity. Furthermore, the product market has not played a role. Therefore, repercussions from labour markets outcomes on product demand - and vice versa - are absent. 55 Moreover, neither the process of capital accumulation, be it physical or human capital, nor substitution pos sibilities between labour and capital in the firms' production function are taken into account. Finally, international competition is not modelled.
Author | : George A. Akerlof |
Publisher | : Cambridge University Press |
Total Pages | : 196 |
Release | : 1986-11-28 |
Genre | : Business & Economics |
ISBN | : 9780521312844 |
Download Efficiency Wage Models of the Labor Market Book in PDF, Epub and Kindle
The contributors explore the reasons why involuntary unemployment happens when supply equals demand.
Author | : Jon Strand |
Publisher | : |
Total Pages | : 31 |
Release | : 1998 |
Genre | : |
ISBN | : 9788257091842 |
Download Bargaining Versus Efficiency Wages in a Dynamic Labor Market Book in PDF, Epub and Kindle
Author | : John Wayne Straka |
Publisher | : |
Total Pages | : 520 |
Release | : 1989 |
Genre | : Wages |
ISBN | : |
Download Efficiency Wages and Collective Bargaining Book in PDF, Epub and Kindle
Author | : Ramana Ramaswamy |
Publisher | : |
Total Pages | : 32 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Centralized Bargaining, Efficiency Wages, and Flexibility Book in PDF, Epub and Kindle
The main focus of the quot;wage bargainingquot; literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper appraises the following questions: (a) what are the conditions under which a firm prefers decentralized to centralized bargaining?, (b) what are the characteristic features of firms which prefer decentralized to centralized bargaining?, and (c) has the proportion of firms which prefer decentralized bargaining increased over time? These questions are examined in an efficiency wage model with insider-outsider features. This paper provides useful theoretical insights for understanding the issues involved in shifting from centralized to decentralized wage bargaining.