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Hace 2 días · The recent increase of inflation globally has led to a renewed interest in understanding the link between inflation and wages. In Uruguay, the presence of centralized wage bargaining and indexation practices raises the question as to what extent wage growth dynamics can make the response of inflation to shocks more persistent. We use a medium-scale DSGE model which incorporates indexation in ...
Hace 3 días · Job coherence also appears to be a potentially relevant factor for occupational wages, with higher coherence mapping into lower wages and a coherence threshold after which it is impossible to ...
Hace 2 días · Trade unions play a major role in the collective bargaining process and are hence likely to influence the wage formation and labor costs. Workers' bargaining power may be consistently related to an increasing labor share—the portion of the value added that goes to workers, although confounded with whether and to what extent employment shrinks after wages are the outcome of a bargaining process.
Hace 1 día · Stiglitz also did research on efficiency wages, and helped create what became known as the "Shapiro–Stiglitz model" to explain why there is unemployment even in equilibrium, why wages are not bid down sufficiently by job seekers (in the absence of minimum wages) so that everyone who wants a job finds one, and to question whether the neoclassical paradigm could explain involuntary unemployment.
Hace 4 días · We present the first empirical evidence on the 22 percent increase in the German minimum wage, implemented in 2022, raising it from Euro 9.82 to 10.45 in July and to Euro 12 in October. Leveraging the German Earnings Survey, a large and novel data source comprising around 8 million employee-level observations reported by employers each month, we apply a difference-in-difference-in-differences ...
Hace 3 días · The researchers identified five types of negotiating strategies: collaborating (engaging in problem solving to reach the best possible outcome for both sides); competing (trying to maximize one’s own outcomes with little concern for others); accommodating (putting the other party’s concerns first); compromising (trying to reach middle ground); a...
Hace 3 días · Payroll systems are essential for calculating employee wages, managing benefits, and ensuring timely and accurate payments. When these two systems work in tandem, businesses can achieve seamless data flow, improved accuracy, and enhanced operational efficiency.
