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Explaining the Decline in the US Labor Share : Taxation and Automation
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022
This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...
Persistent link: https://www.econbiz.de/10014082792
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The Career Effects of Union Membership
Dodini, Samuel; Salvanes, Kjell G.; Willén, Alexander; … - 2023
We combine exogenous variation in union membership with detailed administrative data and a novel field survey to estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in setting wages and determining work amenities. In the...
Persistent link: https://www.econbiz.de/10014348052
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The Sources of the Union Wage Gap : The Role of Worker, Firm, Match, and Job-title Heterogeneity
Addison, John T. - 2019
Using matched employer-employee-contract data for Portugal – a country with near-universal union coverage – we find evidence of a sizable effect of union affiliation on wages. Gelbach's (2016) decomposition procedure is next deployed to ascertain the contributions of worker, firm, match, and...
Persistent link: https://www.econbiz.de/10012892193
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Strikes, Employee Workplace Representation, Unionism, and Industrial Relations Quality in European Establishments
Addison, John T. - 2019
Using cross-country data, this paper investigates the relationship between workplace representation and strikes. Works councils are associated with reduced strike activity. However, where union members make up a majority of works councillors, such union-dominated councils experience greater...
Persistent link: https://www.econbiz.de/10012892227
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Welfare-Enhancing Trade Unions in an Oligopoly with Excessive Entry
de Pinto, Marco - 2019
Trade unions are often argued to cause allocative inefficiencies and to lower welfare. We analyze whether this evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per firm declines with the number of firms (business...
Persistent link: https://www.econbiz.de/10012866378
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Job Satisfaction and Trade Union Membership in Germany
Goerke, Laszlo; Huang, Yue - 2022
Using panel data from 1985 to 2019, we provide the first comprehensive investigation of the relationship between trade union membership and job satisfaction in Germany. Cross-sectional analyses reveal a negative correlation, while fixed effects estimates indicate an insignificant relationship....
Persistent link: https://www.econbiz.de/10014079146
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The Distributional Impact of Labour Market Reforms : A Model-Based Assessment
Roeger, Werner - 2019
This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...
Persistent link: https://www.econbiz.de/10012859991
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COVID-19 and Income Inequality : Evidence from Monthly Population Registers
Angelov, Nikolay; Waldenström, Daniel - 2021
. Monthly earnings inequality increased during the pandemic, and the key driver is income losses among low-paid individuals … dampened the inequality increase, but did not fully offset it. Annual total market income inequality, which also includes … capital income and taxable transfers, shows similar patterns of increasing inequality during the pandemic …
Persistent link: https://www.econbiz.de/10013219071
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Shocks, Frictions, and Inequality in US Business Cycles
Bayer, Christian - 2020
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we … income risk and taxes. We find that adding data on inequality does not materially change the estimated shocks and frictions … income inequality. The systematic components of monetary and fiscal policy are important for inequality as well …
Persistent link: https://www.econbiz.de/10012841741
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Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?
Gomez, Thomas; Piccillo, Giulia - 2023
We find that macroeconomic uncertainty plays a significant role in U.S. monetary policy. First, we construct a measure of uncertainty as felt by policymakers at the time of making their rate-setting decisions. This measure is derived from a real-time, Bayesian estimation of a small monetary VAR...
Persistent link: https://www.econbiz.de/10014357029