Fertility, Union Wage Setting and Social Security System

Fertility and Social Security

The data show that an increase in government provided old-age pensions is strongly correlated with a reduction in fertility. What type of model is consistent with this finding? We explore this question using two models of fertility: one by Barro and Becker (1989), and one inspired by Caldwell (1978, 1982) and developed by Boldrin and Jones (2002). In Barro and Becker’s model parents have childr...

Monetary union enlargement, scal policy and strategic wage setting

This contribution develops a framework for studying the e ects of the enlargement of a monetary union on macroeconomic performances in the presence of strategic interactions between non atomistic labour unions, monetary and scal authorities. We show that the extension of the monetary union to new identical member countries may have bene cial e ects, depending on the scal policymaking parameters...

Union Wage Setting and the Distribution of EmployeesEarnings: Evidence from Certication Elections

This paper estimates the causal e¤ect of unionization on the distribution of employee earnings using a regression discontinuity design based on union certi…cation elections. The results suggest unions raise the lower end of the distribution by around 25 percent, with a much smaller, even negative e¤ect on the upper tail, and little e¤ect on average earnings. Results on worker retention suggest ...

Wage-setting Institutions and Outcomes

Wage Setting and Price Stability

In the Governing Council’s view, the outlook for price developments remains subject to upside risks ... It is therefore crucial that social partners continue to meet their responsibilities. In this context, wage agreements should take into account productivity developments, while recognising the still high level of unemployment and price competitiveness positions. As stated on previous occasion...