Results 321 to 330 of about 194,006 (362)
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Wage Changes and the Frequency of Wage Settlements
Economica, 1975The practical importance for public policy of the determinants of aggregate money wage changes has spawned an extensive empirical literature on this subject in the last decade or so. Since little of empirical significance seems to have been settled by this research, it is not surprising that it has been receiving substantial formal and informal ...
Ashenfelter, Orley C, Pencavel, John H
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Oxford Economic Papers, 1978
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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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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Wage Indexation and Compensating Wage Differentials
The Review of Economics and Statistics, 1986A stractThe theory of wage indexation implies that if workers are more risk averse than firms, then workers will pay a price in order to obtain wage indexation. This prediction is tested on a sample of 3,115 U.S. manufacturing collective bargaining negotiations from 1967 to 1982.
Hendricks, Wallace E, Kahn, Lawrence M
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Efficiency Wages and Local Wage Bargaining
The Scandinavian Journal of Economics, 1996Summary: In the literature on wage drift, it is often argued that strikes or work-to-rule practices are used to force employers to pay a wage rate that exceeds the contract wage. Here, we introduce the efficiency wage argument as a foundation for bargaining about wage drift.
Muysken, Joan, van Veen, Tom
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Minimum Wages, Wage Inflation, and the Relative Wage Structure
The Journal of Human Resources, 1982This paper reports an analysis of the effect of changes in legislated minimum wages on negotiated wage increases, using micro data on Canadian labor contracts between 1966 and 1975. The analysis departs from previous studies in that it divides the sample data base into high- and low-wage sectors.
Robert Swidinsky, David A. Wilton
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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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Effects of Minimum Wage Changes on the Wage Distribution in Low-wage and High-wage Sectors
Working PapersResearch background: The number of research regarding employment effects of minimum wages is enormous. Another problem examined by prior studies is the impact of minimum wage increases on the wages. The evidence shows that minimum wage increases compress the wage distribution. The same literature brings conflicting evidence regarding minimum wage spill-
Paweł Strawiński +1 more
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Wages and Wage Determination in 2007
Journal of Industrial Relations, 2008In 2007 money wages rose marginally faster than in 2006 but there was no evidence of generalized wage pressures arising from skill shortages. The Reserve Bank raised interest rates twice during the year, further reducing housing affordability. The Fair Pay Commission decision in July temporarily restored the real wages of the lowest paid, but there ...
Watts, Martin J., Mitchell, William
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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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