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Labor Demand And Equilibrium Wage Formation
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Book Synopsis Labor Demand and Equilibrium Wage Formation by : J. C. van Ours
Download or read book Labor Demand and Equilibrium Wage Formation written by J. C. van Ours and published by North Holland. This book was released on 1993 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new economics of labor demand and personnel is presented in this collection of 14 original essays. The main purpose of the volume is to bridge the existing knowledge application gap. Particular attention is paid to nonlinear labor demand dynamics and equilibrium models for job flows, search, and wage growth. At the end of each paper a comment by an expert reviewer is provided.
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis A Cointegration Model for Search Equilibrium Wage Formation by : Lourens Broersma
Download or read book A Cointegration Model for Search Equilibrium Wage Formation written by Lourens Broersma and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus value of a realized match. From this perspective, this paper presents an econometric analysis of the influence of labor market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment represents Phillips-curve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a cointegration approach. It finds that labor flows, and notably flows from outside the labor market, are important determinants of both short-run and long-run wage setting.
Book Synopsis Trade Unions, Wage Formation and Macroeconomic Stability by : Lars Calmfors
Download or read book Trade Unions, Wage Formation and Macroeconomic Stability written by Lars Calmfors and published by Springer. This book was released on 2016-02-10 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Cointegration Model for Search Equilibrium Wage Formation by : Lourens Broersma
Download or read book A Cointegration Model for Search Equilibrium Wage Formation written by Lourens Broersma and published by International Monetary Fund. This book was released on 2004-05 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus value of a realized match. From this perspective, this paper presents an econometric analysis of the influence of labor market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment represents Phillipscurve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a cointegration approach. It finds that labor flows, and notably flows from outside the labor market, are important determinants of both short-run and long-run wage setting.
Book Synopsis Collective Bargaining and Wage Formation by : Hannu Piekkola
Download or read book Collective Bargaining and Wage Formation written by Hannu Piekkola and published by Springer Science & Business Media. This book was released on 2005-12-06 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hannu Piekkola and Kenneth Snellman ETLA, The Research Institute of the Finnish Economy, Helsinki, Finland The Labour Institute for Economic Research, Helsinki, Finland 1 The Basic Issues Wages have traditionally been agreed on collectively in Europe. The articles in this volume examine the current state of collective bargaining as well as the ch- lenges it is currently facing. The issues examined in these papers have a wide applicability to problems on the European labour markets. Torben M. Andersen and Steinar Holden review challenges from globalisation and inter-industry trade and the adaptation to a low-inflation environment. The other contributions are part of the project investigating collective bargaining in Finland, carried out by ETLA (the Research Institute of the Finnish Economy) and the Labour Institute for E- nomic Research. Some of them use results from a Finnish survey carried out by the two institutes ETLA and the Labour Institute on the views of employers and employees about labour relations and the labour market negotiation system. Bargaining systems are complex and their future development depends on their historical evolution, recent and past experiences, and the current situation in the labour market, as well as changes in the international environment. By examining the past functioning of the bargaining system one can observe how different e- ments in it have interacted with various factors in the environment of the system.
Book Synopsis Unemployment, Capital-Labor Substitution, and Economic Growth by : Mr.Bob Rowthorn
Download or read book Unemployment, Capital-Labor Substitution, and Economic Growth written by Mr.Bob Rowthorn and published by International Monetary Fund. This book was released on 1999-03-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how income distribution and the NAIRU are influenced by capital formation, technical progress, and labor force expansion, and how these factors’ impact depends on the elasticity of substitution between capital and labor. The paper distinguishes between the short-run NAIRU when capital stock is exogenous, and the long-run NAIRU when it is endogenous. It also considers how the analysis must be modified to take into account Keynesian ideas concerning the role of aggregate demand. It concludes that unless the capital stock grows in line with labor supply in efficiency units, the short-run NAIRU will increase, reducing the scope for demand stimulation.
Book Synopsis The Wage Formation Process and Labour Market Flexibility in the Community, the US and Japan by : Kieran McMorrow
Download or read book The Wage Formation Process and Labour Market Flexibility in the Community, the US and Japan written by Kieran McMorrow and published by . This book was released on 1996 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1.Overview of labour market flexibility - 2.Wage formation process - expectations augmented phillips curve - 3.Labour market adjustment mechanisms - 4.International comparison of overall labour market flexibility - equilibrium unemployment - 5.Policy issues and concluding remarks.
Book Synopsis The Theory of Labor Market Equilibrium by : George Edwards Johnson
Download or read book The Theory of Labor Market Equilibrium written by George Edwards Johnson and published by . This book was released on 1966 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Formation in a Unionized Economy with Two Groups of Workers by : Eva Udden-Jondal
Download or read book Wage Formation in a Unionized Economy with Two Groups of Workers written by Eva Udden-Jondal and published by . This book was released on 1989 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Formation Between Newly Hired Workers and Employers by : Robert E. Hall
Download or read book Wage Formation Between Newly Hired Workers and Employers written by Robert E. Hall and published by . This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some workers bargain with prospective employers before accepting a job. Others could bargain, but find it undesirable, because their right to bargain has induced a sufficiently favorable offer, which they accept. Yet others perceive that they cannot bargain over pay; they regard the posted wage as a take-it-or-leave-it opportunity. Theories of wage formation point to substantial differences in labor-market equilibrium between bargained and posted wages. The fraction of workers hired away from existing jobs is another key determinant of equilibrium, because a worker with an existing job has a better outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining, and on-the-job search. We find that about a third of workers had precise information about pay when they first met with their employers, a sign of wage posting. We find that another third bargained over pay before accepting their current jobs. And about 40 percent of workers could have remained on their earlier jobs at the time they accepted their current jobs.
Book Synopsis Equilibrium Unemployment Theory, second edition by : Christopher A. Pissarides
Download or read book Equilibrium Unemployment Theory, second edition written by Christopher A. Pissarides and published by MIT Press. This book was released on 2000-03-02 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.
Book Synopsis Dual Labor Markets by : Gilles Saint-Paul
Download or read book Dual Labor Markets written by Gilles Saint-Paul and published by MIT Press. This book was released on 1996 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uses theoretical models to analyse the macroeconomic implications of the dual labour market. Includes an introduction to the techniques of dynamic programming and the matching function.
Book Synopsis Wage Formation and the Macroeconomic Function of the Norwegian Labour Market by : Nils Martin Stølen
Download or read book Wage Formation and the Macroeconomic Function of the Norwegian Labour Market written by Nils Martin Stølen and published by . This book was released on 1995 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the period from 1970 to 1991.
Book Synopsis Essays on Wage Formation and Globalization by : Andreas Hauptmann
Download or read book Essays on Wage Formation and Globalization written by Andreas Hauptmann and published by wbv Media GmbH & Company KG. This book was released on 2015-12-15 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Warum zahlen manche Firmen nach Tarif, statt die Löhne individuell auszuhandeln? Zahlen Exportfirmen höhere Löhne als Firmen, die nicht exportieren und inwieweit wird dies von institutionellen Rahmenbedingungen bestimmt? Welche Zusammenhänge bestehen zwischen den Lohnstückkosten und der Exportstärke von Unternehmen? Mit diesen und weiteren Fragen befasst sich Andreas Hauptmann im vorliegenden Band. In mehreren Kapiteln legt der Autor dar, dass zwischen Löhnen, Globalisierung und institutionellen Kontextfaktoren vielfältige Wechselwirkungen bestehen.
Book Synopsis Wage Formation and Macroeconomic Performance in West Germany by : Matthew Kunkin
Download or read book Wage Formation and Macroeconomic Performance in West Germany written by Matthew Kunkin and published by . This book was released on 1989 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Economics written by Don Bellante and published by McGraw-Hill Companies. This book was released on 1983 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook on labour economics - covers labour demand and labour supply, wage differentials in market economies, and in relation to employment factors and imperfect competition, macroeconomics of labour markets (unemployment, inflation), etc. Illustrations and references.
