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Two Tier Wage Systems
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Author :Julian Richard Walker Publisher :Kingston, Ont. : Industrial Relations Centre, Queen's University ISBN 13 : Total Pages :34 pages Book Rating :4.F/5 ( download)
Book Synopsis Two-tier Wage Systems by : Julian Richard Walker
Download or read book Two-tier Wage Systems written by Julian Richard Walker and published by Kingston, Ont. : Industrial Relations Centre, Queen's University. This book was released on 1987 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Introduction: The purpose of this paper is to examine in more detail the nature and scope of two-tier wage systems in a Canadian context. The plan of the paper is as follows: first, it will examine the form which two-tier settlements have taken and provide some data on their prevalence. Second, it will examine possible legal implications of two-tier agreements, and in particular, whether a union which agrees to a lower wage rate for new hires risks violating its duty of fair representation. The final section assesses the long-term viability of two-tier wage systems.
Book Synopsis Why Wages Don't Fall during a Recession by : Truman F. BEWLEY
Download or read book Why Wages Don't Fall during a Recession written by Truman F. BEWLEY and published by Harvard University Press. This book was released on 2009-06-30 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business executives and labor leaders as well as professional recruiters and advisors to the unemployed. By taking this approach, gaining the confidence of his interlocutors and asking them detailed questions in a nonstructured way, he was able to uncover empirically the circumstances that give rise to wage rigidity. He found that the executives were averse to cutting wages of either current employees or new hires, even during the economic downturn when demand for their products fell sharply. They believed that cutting wages would hurt morale, which they felt was critical in gaining the cooperation of their employees and in convincing them to internalize the managers' objectives for the company. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labor markets from clearing. Table of Contents: Acknowledgments 1. Introduction 2. Methods 3. Time and Location 4. Morale 5. Company Risk Aversion 6. Internal Pay Structure 7. External Pay Structure 8. The Shirking Theory 9. The Pay of New Hires in the Primary Sector 10. Raises 11. Resistance to Pay Reduction 12. Experiences with Pay Reduction 13. Layoffs 14. Severance Benefits 15. Hiring 16. Voluntary Turnover 17. The Secondary Sector 18. The Unemployed 19. Information, Wage Rigidity, and Labor Negotiations 20. Existing Theories 21. Remarks on Theory 22. Whereto from Here? Notes References Index Reviews of this book: In Why Wages Don't Fall During A Recession, [Truman Bewley] tackles one of the oldest, and most controversial, puzzles in economics: why nominal wages rarely fall (and real wages do not fall enough) when unemployment is high. But he does so in a novel way, through interviews with over 300 businessmen, union leaders, job recruiters and unemployment counsellors in the north-eastern United States during the early 1990s recession...Mr. Bewley concludes that employers resist pay cuts largely because the savings from lower wages are usually outweighed by the cost of denting workers' morale: pay cuts hit workers' standard of living and lower their self-esteem. Falling morale raises staff turnover and reduces productivity...Mr. Bewley's theory has some interesting implications...[and] has a ring of truth to it. --The Economist Reviews of this book: This contribution to the growing literature on behavioral macroeconomics threatens to disturb the tranquil state of macroeconomic theory that has prevailed in recent years...Bewley's argument will be hard for conventional macroeconomists to ignore, partly because of the extraordinary thoroughness and honesty with which he evidently conducted his investigation, and the sheer volume of evidence he provides...Although Bewley's work will not settle the substantive debates related to wage rigidity, it is likely to have a profound influence on the way macroeconomists construct models. In particular, the concepts of morale, fairness, and money illusion are almost certain to play a big role in macroeconomic theory. His demonstration that there exist in reality simple, robust behavioral patters that cannot plausibly be founded on traditional maximizing behabior also raises the prospect of a more empirically oriented, more behavioral macroeconomics in the future. --Peter Howitt, journal of Economic Literature Reviews of this book: I think any scholar interested in labour markets and wage determination should read this well-written, lively, and highly stimulating book...[It] provides a fresh view and a lot of complementary background knowledge about how experienced people in the field see the employment relationship and what is actually crucial. Knowledge of this sort is all too rare in economics, and Truman Bewley's truly impressive study can serve as a role model for future investigations. --Simon G'chter, Journal of Institutional and Theoretical Economics To call this book a breath of fresh air is an understatement. The direct insights are fascinating, and Truman Bewley's use of them is sharp and insightful. Labor economists and macroeconomists have a lot to think about. --Robert M. Solow, Nobel Laureate, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology Truman Bewley set out to conduct a handful of interviews with business executives to gain some theoretical inspiration, and his project blossomed into over 300 interviews with business people, labor leaders and consultants. He is truly the accidental interviewer of economics. Time and again, he found that workers behave like people, not atomistic, selfish economic agents. His insights will engage and enrage economic theorists and empiricists for years to come. --Alan Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University
Book Synopsis Wages And Wages Policies: Tripartism In Singapore by : Chong Yah Lim
Download or read book Wages And Wages Policies: Tripartism In Singapore written by Chong Yah Lim and published by World Scientific. This book was released on 1999-03-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of articles written by twenty authors, including three eminent academicians from Australia and Britain. It provides first-hand information on the National Wages Council (NWC), and its contributions, which includes the promotion of tripartism, as an instrument of economic growth. The book is divided into six parts. Part I introduces the book. Part II provides details about the NWC, its operations and its structure. Part III covers the macroeconomic impact of the NWC, including the impact on productivity, competitiveness, investment and growth. Part IV covers the impact of the NWC on wages and the wage system in Singapore. Part V provides a theoretical perspective on the importance of the NWC to productivity growth and productive efficiency. Part VI takes a look at the incomes policy practice of another country in the region, Australia, which provides a good point of reference for the NWC.
Book Synopsis The New Collective Bargaining by : Gary Chaison
Download or read book The New Collective Bargaining written by Gary Chaison and published by Springer Science & Business Media. This book was released on 2012-06-12 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how collective bargaining has changed in important and lasting ways over the past decade. We are now seeing a new and powerful strain of the concession bargaining that traces its roots back to the early 1980s. The collective bargaining of the past decade can be characterized as ultra-concession bargaining because it is an intense and self-perpetuating deviation from earlier concession bargaining. Employers now act and unions react, rather than the other way around. Employers no longer have to establish a credible case of financial hardship, or commit to the traditional quid pro quo of saving jobs in return for lower labor costs, or guarantee singularity (that concession bargaining is a single even that will not have to be repeated). Not all collective bargaining occurs as this extreme variant but it has become the prevailing form. Essentially, there has been a sea change in collective bargaining in America.The book describes the transformation of collective bargaining in a lively and readable manner, avoiding academic, legalistic or technical jargon, and it will appeal to persons interested in the future directions of collective bargaining and unionism in America, (e.g., the general public, graduate and undergraduate students in human resource management and industrial relations courses, and labor relations managers and union activists and staff). The book deals with aspects of union revival as it asks whether ultra-concession bargaining is cause or outcome of the unions’ declining influence in the American economy and society. Above all, by using published reports on bargaining and interviews and surveys of bargaining settlements, the book shows where the concession bargaining is now and where it is heading.
Book Synopsis Making the Economy Work by : Jon Shields
Download or read book Making the Economy Work written by Jon Shields and published by Springer. This book was released on 1989-10-27 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains a series of essays which examine microeconomic or structural issues and attempt to explain why alternative prescriptions to monetarism could have avoided the massive rise in unemployment in the 1980s. Policies are suggested which could reduce and stabilize unemployment levels.
Book Synopsis Organizational Behavior by : Mary Uhl-Bien
Download or read book Organizational Behavior written by Mary Uhl-Bien and published by John Wiley & Sons. This book was released on 2023-05-23 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible and practical discussion of organizational behavior In the newly updated third edition of Organizational Behavior, a team of accomplished educators delivers a multidimensional text that combines analysis, knowledge, personal development, and synthesis with useful pedagogical features that bring organizational behavior to life. This edition reconsiders organizational behavior from an interdisciplinary vantage point, showing students the interdependence of factors that explain human behavior. Frequently addressed organizational behavior subjects are considered from within an integrated framework and are employed to answer functionally relevant questions about why people behave the ways in which they do, as well as how to effectively influence and manage others.
Download or read book Current Wage Developments written by and published by . This book was released on 1991 with total page 972 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China written by Mr.Mario I. Bléjer and published by International Monetary Fund. This book was released on 1991-03-15 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since 1978, offering lessons for other centrally planned economies in the midst of transition to free markets.
Book Synopsis Labor Economics From A Free Market Perspective: Employing The Unemployable by : Walter Block
Download or read book Labor Economics From A Free Market Perspective: Employing The Unemployable written by Walter Block and published by World Scientific. This book was released on 2008-03-28 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor is the most important of the three traditional factors of production (land, labor and capital), accounting for some 75% of the GDP. It is therefore important to focus on issues of labor economics. In this book the approach taken will be that of the free market philosophy of libertarianism, the perspective that allows the maximum of freedom, consistent with the responsibility of all to respect the equal rights of all others.The position of this book on unions is unique outside of the libertarian movement, and this is indicative of its analysis of several other issues, such as minimum wages. For scholars on the left, it is almost true that unions can do no wrong (for Marxists, they do not do enough, but that is another story). Their role is to raise wages for the workingman, and this task is almost unstintingly applauded. Conservatives, on the other hand, oppose unions root and branch (except for their support of foreign wars, which is also another story). To this end they support a welter of regulations, designed to reduce their power: limitations of check offs, forced secret ballots, etc.For libertarians, the analysis depends, intimately, on whether or not these are voluntary organizations. If they are, there is no more justification for imposing secret ballots on them than to do so for the chess or garden club. If they are not, they should not be weakened by restrictions, but, rather, banned, and their leaders imprisoned.
Author :United States. Congress. Senate. Committee on Appropriations. Subcommittee on Departments of Labor, Health and Human Services, Education, and Related Agencies Publisher : ISBN 13 : Total Pages :988 pages Book Rating :4.:/5 (46 download)
Book Synopsis Departments of Labor, Health and Human Services, Education, and related agencies appropriations for fiscal year 1987 by : United States. Congress. Senate. Committee on Appropriations. Subcommittee on Departments of Labor, Health and Human Services, Education, and Related Agencies
Download or read book Departments of Labor, Health and Human Services, Education, and related agencies appropriations for fiscal year 1987 written by United States. Congress. Senate. Committee on Appropriations. Subcommittee on Departments of Labor, Health and Human Services, Education, and Related Agencies and published by . This book was released on 1986 with total page 988 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Appropriations. Subcommittee on Departments of Labor, Health and Human Services, Education, and Related Agencies Publisher : ISBN 13 : Total Pages :984 pages Book Rating :4.3/5 (121 download)
Book Synopsis Departments of Labor, Health and Human Services, Education, and Related Agencies Appropriations for Fiscal Year 1987: Action by : United States. Congress. Senate. Committee on Appropriations. Subcommittee on Departments of Labor, Health and Human Services, Education, and Related Agencies
Download or read book Departments of Labor, Health and Human Services, Education, and Related Agencies Appropriations for Fiscal Year 1987: Action written by United States. Congress. Senate. Committee on Appropriations. Subcommittee on Departments of Labor, Health and Human Services, Education, and Related Agencies and published by . This book was released on 1986 with total page 984 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Structure and Determinants of Wage Relativities by : Alison Preston
Download or read book The Structure and Determinants of Wage Relativities written by Alison Preston and published by Routledge. This book was released on 2018-02-06 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. Drawing on the fields of labour economics and industrial relations, this book simultaneously applies human capital theory and institutional analysis to an explanation of occupational and other wage differentials. This outstanding study contains a wealth of reference material on both the economic and normative determinants of wages. Destined to become a landmark study in the area of Australian wage determination, the book is an essential text for labour economists, industrial relations specialists, researchers and policy makers alike.
Book Synopsis Decisions and Orders of the National Labor Relations Board by : United States. National Labor Relations Board
Download or read book Decisions and Orders of the National Labor Relations Board written by United States. National Labor Relations Board and published by . This book was released on 1998 with total page 1502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exploring Management by : John R. Schermerhorn, Jr
Download or read book Exploring Management written by John R. Schermerhorn, Jr and published by John Wiley & Sons. This book was released on 2009-12-30 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring Management, Second Edition by John Schermerhorn, presents a new and exciting approach in teaching and learning the principles of management. This text is organized within a unique learning system tailored to students’ reading and study styles. It offers a clean, engaging and innovative approach that motivates students and helps them understand and master management principles.
Download or read book U.S. Global Competitiveness written by and published by . This book was released on 1987 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Global Airline Industry by : Peter Belobaba
Download or read book The Global Airline Industry written by Peter Belobaba and published by John Wiley & Sons. This book was released on 2015-07-06 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extensively revised and updated edition of the bestselling textbook, provides an overview of recent global airline industry evolution and future challenges Examines the perspectives of the many stakeholders in the global airline industry, including airlines, airports, air traffic services, governments, labor unions, in addition to passengers Describes how these different players have contributed to the evolution of competition in the global airline industry, and the implications for its future evolution Includes many facets of the airline industry not covered elsewhere in any single book, for example, safety and security, labor relations and environmental impacts of aviation Highlights recent developments such as changing airline business models, growth of emerging airlines, plans for modernizing air traffic management, and opportunities offered by new information technologies for ticket distribution Provides detailed data on airline performance and economics updated through 2013
Book Synopsis Historical Dictionary of Organized Labor by : Sjaak van der Velden
Download or read book Historical Dictionary of Organized Labor written by Sjaak van der Velden and published by Rowman & Littlefield. This book was released on 2021-04-22 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the start of its existence organized labor has been the voice of workers to improve their economic, social, and political positions. Beginning with small and very often illegal groups of involved workers it grew to the million member organizations that now exist around the globe. It is studied from many different perspectives – historical, economic, sociological, and legal – but it fundamentally involves the struggle for workers’ rights, human rights and social justice. In an often hostile environment, organized labor has tried to make the world a fairer place. Even though it has only ever covered a minority of employees in most countries, its effects on their political, economic, and social systems have been generally positive. Despite growing repression of organized labor in recent years, membership numbers are still growing for the benefit of all employees, including the non-members. Historical Dictionary of Organized Labor: Fourth Edition makes the history of this important feature of life easily accessible. The reader is guided through a chronology, an introductory essay, 600 entries on the subject, appendixes with statistical material, and an extensive bibliography including Internet sites. This book gives a thorough introduction into past and present for historians, economists, sociologists, journalists, activists, labor union leaders, and anyone interested in the development of this important issue.
