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Wage compression, wage drift and wage inflation in Sweden
Labour Economics, 1996In this paper we derive a model for the joint endogeneity of centrally contracted wages and wage drift in which central union attempts to reduce wage dispersion plays a pivotal role. Empirical results demonstrate that union efforts to level wage differentials exerted large positive effects on both centrally negotiated wage changes and wage drift.
Douglas A. Hibbs, Håkan Locking
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The Wage-Wage- . . . -Wage-Profit Relation in A Multisector Bargaining Economy [PDF]
SSRN Electronic Journal, 2004 The equalization of profit rates across industries subject to firm-level bargaining over wages generates an interindustry wage structure with higher wages in capital-intensive sectors. The familiar inverse wage-profit relation gives way to a wage-wage- . . .
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Efficiency wages, staggered wages, and union wage-setting
Oxford Economic Papers, 2014This article studies the role of staggered efficiency wages in a small-scale DSGE model. The simple structure of the model allows for closed-form solutions. The set-up differs from the related literature in that I assume wages are sticky and unions are responsible for wage-setting.
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Oxford Economic Papers, 1978
Abstract Wages and profits must be regarded as simultaneously determined—profits must not be regarded as a residual. In the short period both are determined by current demand, profits fluctuating much more strongly than wages. More important is the long-period factor, which depends upon capital-labor substitution elasticity.
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Abstract Wages and profits must be regarded as simultaneously determined—profits must not be regarded as a residual. In the short period both are determined by current demand, profits fluctuating much more strongly than wages. More important is the long-period factor, which depends upon capital-labor substitution elasticity.
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Reallocation Effects of the Minimum Wage
Quarterly Journal of Economics, 2021Christian Dustmann +2 more
exaly
Swedish Wages and Wage Policies
The ANNALS of the American Academy of Political and Social Science, 1957A review of 1939-56 wage developments and policies shows the willingness of trade unions to exercise self-restraint. Inflationary pressures, however, caused an uncontrollable and distorting "wage drift." Wage-price ex plosions resulted: repeatedly it appeared necessary to reshape the wage structure on the basis of rank-and-file psychology and market ...
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