Testing for efficient contracts in unionized labour markets

Article Abstract:

Empirical tests designed to distinguish between the labor-demand and efficient contract models of wage and employment determination in unionized labor markets were described. An alternative non-tested approach that varies the set of instrumental variables across both models was proposed to compensate for the restrictive nature of nested tests. This approach tests whether outcomes are efficient and allows the utility function to be the same for the two models. It also focuses on the power of labor unions to negotiate over employment.

Labor organizations, Labor Unions, Labor Unions and Similar Labor Organizations, Wage Determination Procedures, Collective Bargaining, Employment, Compensation management, Wages, Wages and salaries, Labor contracts

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Hours Constraints and In-Work Poverty

Article Abstract:

Propensity score matching methods are used to model the influence of personal characteristics on levels of poverty, and is applied to United Kingdom and United States data. Findings for the U.S. are consistent with the nation's greater flexibility in the labor market.

United Kingdom, United States, Public affairs, Psychological aspects, Social aspects, Influence, Demographic aspects, Poverty, Personality, Personality traits

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Introducing Time-to-Educate in a Job-Search Model

Article Abstract:

The article introduces an adjusted job-search model that accounts for time consumed during the education process, such as on-the-job training. This adjusted model describes the time-to-educate concept.

Econometric models, On-the-job training

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