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Author : Bruno Amable
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.E/5 ( download)
Download or read book The Impact of Product Market Competition on Employment and Wages written by Bruno Amable and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David G. Blanchflower
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Product Market Competition, Wages and Productivity written by David G. Blanchflower and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased product market competition should affect outcomes in labour and product markets, and one of the key premises of standard economic theory is that, all other things held constant, prices should be lower and efficiency enhanced by more competition. In this paper we directly test this notion by considering the relationship between product market competition and establishment-level wages and economic performance. We use two microeconomic data sources from Britain and Australia to consider this relationship. Our results find only a limited role for market competition to impact on wages and productivity. In British workplaces, labour productivity is not raised by more competition, whilst in Australia we can only find evidence of the conventionally expected positive impact in manufacturing workplaces. With respect to wages, the results are more consistent with the competition hypothesis, though effects are not that strong, with significant effects only being found for some of the skill groups within our samples of establishments. Hence, there is only very limited support for the key hypothesis of interest that we consider.
Author : David Blanchflower
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (84 download)
Download or read book Product Market Competition, Wages and Productivity written by David Blanchflower and published by . This book was released on 1995 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John S. Heywood
Publisher : SUNY Press
ISBN 13 : 9780791466247
Total Pages : 238 pages
Book Rating : 4.4/5 (662 download)
Download or read book Product Market Structure and Labor Market Discrimination written by John S. Heywood and published by SUNY Press. This book was released on 2006-06-01 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measures the relationship between market competition and the treatment of women, minorities, and the disabled in the workplace.
Author : Sónia Félix
Publisher : International Monetary Fund
ISBN 13 : 1513521519
Total Pages : 57 pages
Book Rating : 4.5/5 (135 download)
Download or read book What is the Impact of Increased Business Competition? written by Sónia Félix and published by International Monetary Fund. This book was released on 2019-12-13 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
Author : Jari Vainiomaki
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)
Download or read book The Effects of Changes in a Firm's Product Market Power on Wages written by Jari Vainiomaki and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Arindrajit Dube
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Threat Effects and Trade written by Arindrajit Dube and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a formal model of the effect of heightened product market competition induced by trade liberalization on the distribution of income between profits and wages. Integration increases the employment cost of wage demands, thereby decreasing bargained wages and the share of rents accruing to workers. This effect is amplified because of the existence of strategic complementarities which bring about a race to the bottom. Trade-liberalization induced wage discipline mitigates the impact of increased competition on firm rents, and may even raise profits.
Author : Bruce Templeton Allen
Publisher :
ISBN 13 :
Total Pages : 354 pages
Book Rating : 4.E/5 ( download)
Download or read book The Impact of Product-market Concentration on Interindustry Wage Behavior written by Bruce Templeton Allen and published by . This book was released on 1965 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John M. Abowd
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 ( download)
Download or read book Compensation Structure and Product Market Competition written by John M. Abowd and published by . This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the wage equations (derived from Abowd, Kramarz and Margolis 1994). We then make direct calculations of the quasi-rent per worker at each firm and the conditions within that firm's product market, as measured by international prices, using a representative sample of private French firms. We find that quasi- rents per worker are only mildly related to the structure of the French product market. The systematic variation in our quasi-rents is related to international market prices and work force structure, however, producing an estimate of bargaining power for the employees of about 0.4. This estimate, while slightly larger than other estimates, may be quite reasonable for the workers in an economy in which the vast majority of jobs are covered by industry-level collective bargaining agreements.
Author : Ingrid H. Rima
Publisher : Routledge
ISBN 13 : 1317466616
Total Pages : 414 pages
Book Rating : 4.3/5 (174 download)
Download or read book Labor Markets in a Global Economy: A Macroeconomic Perspective written by Ingrid H. Rima and published by Routledge. This book was released on 2015-05-20 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: This introductory text on labour economics covers topics such as: the shift in America from a manufacturing-based economy to a service economy; the changes in the economic conditions in the US; the implications of NAFTA and GATT; and the labour markets.
Author : Marcello M. Estevão
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451862102
Total Pages : 29 pages
Book Rating : 4.8/5 (621 download)
Download or read book Product Market Regulation and the Benefits of Wage Moderation written by Marcello M. Estevão and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-09-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the benefits of wage moderation. By isolating structural from cyclical factors in a panel of industrial countries, I show that structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I show that the impact on both variables depends crucially on product market regulation: weaker competition and barriers to entry mute the growth effects of structural real wage changes by allowing incumbent firms to appropriate larger rents. In this context, overly regulated product markets in the euro area are undermining the effects of labor market reforms on output and employment.
Author : Hian Teck Hoon
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book General-Equilibrium Implications of International Product-Market Competition for Jobs and Wages written by Hian Teck Hoon and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the insight that trade increases international product-market competition to show that in a world with an endogenous natural rate of unemployment, countries can benefit through a decline in the natural rate. When the number of firms in the integrated world market is greater than the number of firms in each economy in autarky, all trading nations in a world of identical factor proportions experience a decline in equilibrium unemployment. When factor proportions differ, equilibrium unemployment must fall in the labor-abundant country but may rise or decline in the capital-abundant country.
Author : John M. Abowd
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (244 download)
Download or read book The Effects of Product Market Competition on Collective Bargaining Agreements written by John M. Abowd and published by . This book was released on 1991 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we study the connections between product .market conditions. negotiated wage settlements. and union employment in the presence of foreign competition shocks. We exploit the fact that in a small open economy such as Canada the price of imports and exports should represent pure demand shocks. We specify wage and employment determination equations for a sample of collective bargaining agreements from 1965 to 1983. Our estimation strategy consists of specifying the wage as a function of firm-specific value added per worker instrumented with the price of imports and the price of exports in the industry. The OLS specification is rejected in favor of the instrumental variables specification using standard specification tests. The instrumental variables estimates imply that a 1% change in value-added per worker increases the negotiated wage settlements by 0.25%. Similarly, we specify union employment as a function of firm-specific sales instrumented by the price of imports and exports in the industry. The instrumental variables estimates are imprecise and the specification test fails to reject the OLS specification. The OLS estimates imply that a 1% change in firm-specific sales increases employment by 0.19%. We use our estimates to trace the effects of foreign competition on the industry and firm-level sales and value-added measures.
Author : Alan Manning
Publisher : Princeton University Press
ISBN 13 : 1400850673
Total Pages : 414 pages
Book Rating : 4.4/5 (8 download)
Download or read book Monopsony in Motion written by Alan Manning and published by Princeton University Press. This book was released on 2013-12-03 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
Author : Winfried Koeniger
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.E/5 ( download)
Download or read book Employment Protection, Product Market Competition and Growth written by Winfried Koeniger and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : MichaelJ. Piore
Publisher : Routledge
ISBN 13 : 1351537903
Total Pages : 433 pages
Book Rating : 4.3/5 (515 download)
Download or read book Unemployment and Inflation written by MichaelJ. Piore and published by Routledge. This book was released on 2017-07-05 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.
Author : S. J. Nickell
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.E/5 ( download)
Download or read book Wages, Unions, Insiders and Product Market Power written by S. J. Nickell and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
