Product Market Competition Wages And Productivity
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Product Market Competition Wages And Productivity
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Author : David G. Blanchflower
language : en
Publisher:
Release Date : 1996
Product Market Competition Wages And Productivity written by David G. Blanchflower and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Competition categories.
Product Market Competition Wages And Productivity
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Author : David Blanchflower
language : en
Publisher:
Release Date : 1995
Product Market Competition Wages And Productivity written by David Blanchflower and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Competition categories.
The Impact Of Product Market Competition On Employment And Wages
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Author : Bruno Amable
language : en
Publisher:
Release Date : 2001
The Impact Of Product Market Competition On Employment And Wages written by Bruno Amable and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
The Effects Of Changes In A Firm S Product Market Power On Wages
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Author : Jari Vainiomaki
language : en
Publisher:
Release Date : 1991
The Effects Of Changes In A Firm S Product Market Power On Wages written by Jari Vainiomaki and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Industrial concentration categories.
Product Market Structure And Labor Market Discrimination
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Author : John S. Heywood
language : en
Publisher: State University of New York Press
Release Date : 2006-06-01
Product Market Structure And Labor Market Discrimination written by John S. Heywood and has been published by State University of New York Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-06-01 with Social Science categories.
While increased competition may generate economic efficiency and push employee compensation to market rates, it may also help reduce differential treatment for protected groups such as women, minorities, and the disabled. This book presents the most comprehensive body of empirical evidence on the connection between the product market and the extent of discrimination in labor markets. The contributors look at data from the United States, the United Kingdom, Germany, and Hong Kong in order to explore the product market's influence on discrimination against the disabled, the role of deregulation in creating competition and altering racial employment patterns, and the influence of privatization on public employees' earnings. Nuanced analyses, using best practice econometrics, lead the contributors to conclude that while competition helps equalize treatment of employees, it does not eliminate discrimination.
Wages Unions Insiders And Product Market Power
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Author : S. J. Nickell
language : en
Publisher:
Release Date : 1992
Wages Unions Insiders And Product Market Power written by S. J. Nickell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Commerce categories.
Product Markets And Labour Markets
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Author : S. J. Nickell
language : en
Publisher:
Release Date : 1999
Product Markets And Labour Markets written by S. J. Nickell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Competition And Corporate Performance
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Author : S. J. Nickell
language : en
Publisher:
Release Date : 1993
Competition And Corporate Performance written by S. J. Nickell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Competition categories.
Monopsony In Motion
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Author : Alan Manning
language : en
Publisher: Princeton University Press
Release Date : 2013-12-03
Monopsony In Motion written by Alan Manning and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-03 with Business & Economics categories.
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
Human Agency And Material Welfare Revisions In Microeconomics And Their Implications For Public Policy
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Author : Morris Altman
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Human Agency And Material Welfare Revisions In Microeconomics And Their Implications For Public Policy written by Morris Altman and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Some of the fundamental tenets of conventional economic wisdom, which have had a profound impact on public policy, are challenged in this book. These precepts include the affirmation that low wages are more beneficial that high wages to the process of growth and development; convergence in terms of output per person is just a matter of time; minimum wage laws and trade unions negatively impact on the economy as a whole; pay inequality due to labor market discrimination cannot persist over time; larger firms are typically more efficient than smaller firms; and culture is of little consequence to the course of economic development. Such predictions, the author argues, are a product of unrealistic behavioral assumptions about the economic agent. In this book, the author offers a more inclusive theoretical framework and a more reasonable modeling of the economic agent. This new approach is built upon conventional neoclassical theory while incorporating the most recent research in behavioral economics. The case is made that individuals have some choice over the quantity and quality of effort which they can supply in the process of production. Even under the constraints of severe product market competition and the assumption of `utility maximizing' individuals, effort need not be maximized, especially in firms characterized by antagonistic management-labor relations. This is especially true when relatively inefficient firms can remain competitive by keeping wages relatively low - low wages serve to protect such firms from more efficient firms. Alternatively, relatively high wage firms can remain competitive only if they become more productive. Under these assumptions, higher wages and factors contributing to higher wages can advance the performance of an economy while lower wages can have the opposite effect and cultural and institutional variables, by themselves, can affect the long run productivity and even the long run competitiveness of firms and economies. In summary, this book calls for a revised approach to the study of economics from a behavioral and socio-economic perspective, with significant consequences for public policy.