Download or read book Institutional Approach to Econometric Models of Wage Determination written by J. C. R. Rowley and published by . This book was released on 1975 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutional Approach to Econometric Models of Wage Determination written by J. C. R. Rowley and published by Ottawa, Carleton U., Department of Economics. This book was released on 1975 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutional Approach to Econometric Models of Wage Determination written by J. C. R. Rowley and published by . This book was released on 1975 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutions and Wage Determination written by L. Nunziata and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present an empirical analysis of the determinants of labour cost in OECD countries, with particular reference to the impact of labour market institutions from 1960 to 1994. We show that labour market regulations can explain a large part of the labour cost rise in OECD countries in the last few decades once we control for productivity. These results are consistent with the findings of a companion paper [Nickell, Nunziata and Ochel (2005)Economic Journal, Vol. 115, pp. 1-27] where the effects of institutions on unemployment are examined. We present also a discussion of the econometric issues related to the estimation of a macro pooled model like ours. We focus, among other things, on the hypothesis of poolability and on the cointegration properties of the model. The explanatory power of the model is finally tested by means of a series of country by country dynamic simulations.
Download or read book Institutions and Economic Theory written by Eirik Grundtvig Furubotn and published by University of Michigan Press. This book was released on 2000 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.
Download or read book Institutions and Wage Determination a Multi Country Approach written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We present an empirical analysis of the determinants of labour cost in OECD countries, with particular reference to the impact of labour market institutions from 1960 to 1994. The main contribution of the paper is to show that labour market regulations can explain a large part of labour cost rise in OECD countries in the last decades once we control for productivity. These results are consistent with the findings of a companion paper (Nickell et al.,2001)where the effects of institutions on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions among institutions. We present also a discussion of the potential problems encountered when estimating a macro pooled model like ours. We focus, among other things, on the hypothesis of poolability and on the cointegration properties of the model, suggesting a two way fixed effects specification in GLS form that corrects for heteroskedasticity and serial correlation. The explanatory power of the model is finally tested by means of a series of by country dynamic simulations.
Download or read book Wage Determination in the Context of Modern Economic Institutions written by Orville L. Darby and published by . This book was released on 1951 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutional Aspects of Work and Wage Determination written by and published by JAI Press(NY). This book was released on 1995 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 15th volume in the series covers such topics as women's labour market situation in Norway and Great Britain, education and labour market segmentation at entry into the labour market, and wage determination and the male-female wage gap.
Download or read book The Theory of Wage Determination written by International Economic Association and published by London : Macmillan ; New York : St. Martin's Press, [1957, reprinted]. This book was released on 1957 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutions and Wage Determination a Multi Country Approach written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We present an empirical analysis of the determinants of labour cost in OECD countries, with particular reference to the impact of labour market institutions from 1960 to 1994. The main contribution of the paper is to show that labour market regulations can explain a large part of labour cost rise in OECD countries in the last decades once we control for productivity. These results are consistent with the findings of a companion paper (Nickell et al.,2001)where the effects of institutions on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions among institutions. We present also a discussion of the potential problems encountered when estimating a macro pooled model like ours. We focus, among other things, on the hypothesis of poolability and on the cointegration properties of the model, suggesting a two way fixed effects specification in GLS form that corrects for heteroskedasticity and serial correlation. The explanatory power of the model is finally tested by means of a series of by country dynamic simulations.
Download or read book Wage Determination in Russia written by Peter J. Luke and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Non Existence of the Labor Demand Supply Diagram and Other Theorems of Institutional Economics written by Bruce Evan Kaufman and published by . This book was released on 2007 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most famous and influential diagram in modern (neoclassical) labor economics is the model of wage determination by supply and demand. Using concepts and ideas from institutional economics, I argue that the theory of a perfectly competitive labor market is logically contradictory and, hence, the demand/supply diagram cannot exist on the plane of pure theory. Four other fundamental theorems concerning labor markets are also derived, as are implications about the theoretical foundation of the field of industrial relations and the economic evaluation of labor and employment policy.In this article I accomplish four things of significance. The first is to demonstrate that the core diagram of neoclassical labor economics - the diagram of wage determination by demand and supply (D/S) - does not have logical coherence and thus has no existence on the plane of pure theory. The second is to deduce this conclusion using a core concept of institutional economics (i.e., transaction cost), thus demonstrating that the institutional approach to labor economics has theoretical explanatory power. The third is to use the transaction cost idea to also deduce four fundamental theorems concerning labor markets and wage determination. The fourth is to identify the core theoretical foundation of the field of industrial relations. This discussion also yields important implications for the economic evaluation of labor and employment policy, as well as interesting insights on the history of thought in labor economics.
Download or read book A microeconomic model of wage determination written by Halbert L. White jr. and published by . This book was released on 1976 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Toward an Institutional Theory of Wage written by Wei Kang Liang and published by . This book was released on 1974 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Socio Economics An Interdisciplinary Approach written by Beat Bürgenmeier and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended as a warning against the kind of hard-core liberalism which blames state intervention for the disappointing results achieved in matters of macroeconomic, competition and social welfare policy. In calling attention to the social dimension of economics, the book stresses the need for an ethical yardstick which can only be pro vided by an interdisciplinary approach to the economy. One current school of thought claims to have bridged the gap by por traying economics as both positive and normative. However, this inter pretation is inadequate. The positive aspect of economics, reflecting an approach common in the natural sciences, is based on observable facts. It highlights causal relationships and seeks to analyse economic mechanisms on the basis of available information. This has led to an emphasis on purely deductive methods, which form the basis for many of the conclusions in main stream economics. This current of thought is typified by the neoclassical school, which takes as its main premise the much-disputed hypothesis of economic rationality. Human behaviour is deemed to be rational when consumers maximize their satisfaction and producers their profits, sub ject to the constraints of income and production costs respectively. Opt imal strategies for both consumers and producers can best be determined by the mechanism of market forces.
Download or read book The Theory of Wage Determination Proceedings of a Conference Held by the International Economic Association Edited by John T Dunlop written by INTERNATIONAL ECONOMIC ASSOCIATION. and published by . This book was released on 1957 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Quarterly Models of Wage Determination written by J. C. R. Rowley and published by Kingston, Ont. : Institute for Economic Research, Queen's University. This book was released on 1971 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
