Browsing by Subject "J41"

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  • Koskela, Erkki; Stenbacka, Rune (2003)
    Suomen Pankin keskustelualoitteita 19/2003
    We study employment, employee effort, wages and profit sharing when firms face stochastic revenue shocks and when base wages and profit shares are determined through collective bargaining.The negotiated profit share depends positively on the relative bargaining power of the trade union and has effort-enhancing and wage-moderating effects.We show that higher profit sharing reduces equilibrium unemployment under circumstances with sufficiently rigid labour market institutions, ie sufficiently high benefit- replacement ratios and relative bargaining powers of trade unions.Conversely, profit sharing seems to be destructive from the point of view of employment when the labour market rigidities are sufficiently small. Key words: wage bargaining, profit sharing, efficiency wages, equilibrium unemployment JEL classification numbers: J51, J41, G32
  • Holz, Carsten A. (2014)
    BOFIT Discussion Papers 13/2014
    The purpose of this paper is to ascertain how wages are being determined in China during the reform period. The paper focuses on the development of the regulatory framework since 1978 and proceeds by examining official regulations regarding labor market institutions and wage setting, and by evaluating their potential implications for actual wage setting. JEL codes: J3, J30, J31, J4, J41, J45, M5, M52, M54, M55, P2, P23 Keywords: wage determination, labor market institutions, minimum wages, wage classification system, wage level and structure, labor contracts, collective bargaining, public sector wages, wage-performance link