Unionization Structures, Budget Constraint and Privatization
نویسندگان
چکیده
منابع مشابه
Unionization Structures and Firms’ Incentives for Productivity Enhancing Investments
Unionization Structures and Firms’ Incentives for Productivity Enhancing Investments* by Justus Haucap and Christian Wey This paper examines how unionization structures that differ in the degree of wage centralization affect firms' incentives to increase labor productivity. We distinguish three modes of unionization with increasing degree of centralization: (1) “Decentralization” where wages ar...
متن کاملUnderstanding the Soft Budget Constraint
WDI. We express our gratitude to the editor, John McMillan and two anonymous referees for valuable comments and suggestions. ABSTRACT. We propose a clarification of the notion of a soft budget constraint, a concept widely used in the analysis of socialist, transitional, and market economies. Our interpretation is broad enough to embrace most existing approaches to soft budget constraint phenome...
متن کاملAid and the Soft Budget Constraint*
This paper applies the theory of the soft budget constraint to explain some stylized facts regarding the outcomes and practice of international aid, including ineffectiveness, white elephants, and volatility. The soft budget constraint can also make aid counterproductive. Nonetheless, actual aid institutions may be constrained optimal responses to soft budgets and commonly suggested reforms suc...
متن کاملFederalism and the Soft Budget Constraint
The government's incentives to bail out inefficient projects are determined by the tradeoff between political benefits and economic costs, the latter depending on the decentralization of government. Two effects of federalism are derived: First, fiscal competition among local governments under factor mobility increases the opportunity costs of bailout and thus serves as a commitment device (the ...
متن کاملRest Unemployment and Unionization∗
This paper examines the impact of unions on unemployment and wages in a dynamic equilibrium search model. Unions impose a minimum wage on employers and ration jobs to ensure that their most senior members are employed. A minimum wage policy is optimal for a utilitarian union that cares equally about its employed and unemployed members. The combination of a minimum wage and rationing by seniorit...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Modern Economy
سال: 2020
ISSN: 2152-7245,2152-7261
DOI: 10.4236/me.2020.114073