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Displaying results 1 to 6 of 6.

  1. Productivity and pay
    is the link broken?
    Author: Stansbury, Anna; Summers, Lawrence Henry
    Published: June 2018
    Publisher:  PIIE, Peterson Institute for International Economics, Washington, DC

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Keine Speicherung
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / PIIE, Peterson Institute for International Economics ; 18, 5
    Subjects: Arbeitsproduktivität; Vergütungssystem; Lohn; USA
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
    Notes:

    An earlier version of this paper was published as a NBER working paper. A revised version is forthcoming in PIIE conference volume Facing Up to Low Productivity Growth, edited by Adam S. Posen and Jeromin Zettelmeyer
  2. The declining worker power hypothesis
    an explanation for the recent evolution of the American economy
    Author: Stansbury, Anna; Summers, Lawrence Henry
    Published: May 2020
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (27193)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 27193
    Scope: 68 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  3. How do firms respond to unions?
    Author: Dodini, Samuel; Stansbury, Anna; Willén, Alexander
    Published: December 2023
    Publisher:  CESifo, Munich, Germany

    This paper provides a comprehensive assessment of the margins along which firms in Norway respond to increased union density, using legislative changes in the tax deductibility of union dues as a quasi-exogenous shock to firm-level unionization... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This paper provides a comprehensive assessment of the margins along which firms in Norway respond to increased union density, using legislative changes in the tax deductibility of union dues as a quasi-exogenous shock to firm-level unionization rates. Despite higher personnel costs driven by a union wage premium, the average manufacturing firm increases employment and scales up production, charges higher prices in the product market, enjoys higher nominal value added per worker, and experiences no decrease in profits. We show that this result is a direct implication of the labor- and product-market power that the average manufacturing firm possesses, in combination with a reallocation of inputs and industry revenue shares from smaller and less unionized firms to larger and more unionized firms. Larger firms are, therefore, increasing employment and output at the same time their ability to mark up prices is growing, thereby preventing negative profit effects. For the broader private sector in which firms do not hold much price- or wage-setting power, we observe the opposite result: the average firm reduces employment and profit falls. We synthesize these findings through a partial-equilibrium model of firm decision-making that incorporates union bargaining, product-market price-setting power, and labor market monopsony power.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/282561
    Series: CESifo working papers ; 10873 (2023)
    Subjects: unions; price pass-through; firms; market power; labor costs
    Scope: 1 Online-Ressource (circa 88 Seiten), Illustrationen
  4. How do firms respond to unions?
    Author: Dodini, Samuel; Stansbury, Anna; Willén, Alexander
    Published: December 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper provides a comprehensive assessment of the margins along which firms in Norway respond to increased union density, using legislative changes in the tax deductibility of union dues as a quasi-exogenous shock to firm-level unionization... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
    Inter-library loan:
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    This paper provides a comprehensive assessment of the margins along which firms in Norway respond to increased union density, using legislative changes in the tax deductibility of union dues as a quasi-exogenous shock to firm-level unionization rates. Despite higher personnel costs driven by a union wage premium, the average manufacturing firm increases employment and scales up production, charges higher prices in the product market, enjoys higher nominal value added per worker, and experiences no decrease in profits. We show that this result is a direct implication of the labor- and product-market power that the average manufacturing firm possesses, in combination with a reallocation of inputs and industry revenue shares from smaller and less unionized firms to larger and more unionized firms. Larger firms are, therefore, increasing employment and output at the same time their ability to mark up prices is growing, thereby preventing negative profit effects. For the broader private sector in which firms do not hold much price- or wage-setting power, we observe the opposite result: the average firm reduces employment and profit falls. We synthesize these findings through a partial-equilibrium model of firm decision-making that incorporates union bargaining, product-market price-setting power, and labor market monopsony power.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/282824
    Series: Discussion paper series / IZA ; no. 16697
    Subjects: unions; price pass-through; firms; market power; labor costs
    Scope: 1 Online-Ressource (circa 88 Seiten), Illustrationen
  5. How do firms respond to unions?
    Author: Dodini, Samuel; Stansbury, Anna; Willén, Alexander
    Published: [2023]
    Publisher:  Norwegian School of Economics, Bergen, Norway

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11250/3109527
    Series: Discussion paper / NHH, Department of Economics ; SAM 2023, 25 (December 2023)
    Subjects: Unions; Price pass-through; Firms; Market Power; Labor Costs
    Scope: 1 Online-Ressource (circa 92 Seiten), Illustrationen
  6. Incentives to comply with the minimum wage in the US and UK
    Author: Stansbury, Anna
    Published: March 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    There is substantial evidence of minimum wage noncompliance in the US and the UK. In this paper, I compile new, comprehensive data on the costs minimum wage violators incur when detected. In both countries, the costs violators face upon detection are... more

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    There is substantial evidence of minimum wage noncompliance in the US and the UK. In this paper, I compile new, comprehensive data on the costs minimum wage violators incur when detected. In both countries, the costs violators face upon detection are often little more than the money they saved by underpaying. To have an incentive to comply under existing penalty regimes, typical US firms would thus have to expect a 47%-83% probability of detection by the DOL, or a 25% probability of a successful FLSA suit. In the UK, typical firms would have to expect a 44%-56% probability of detection. Actual probabilities of detection are substantially lower than this for many firms, and would likely remain so even with realistic increases in enforcement capacity. Improved enforcement alone is thus insufficient: expected penalties must also substantially increase to ensure that most firms have an incentive to comply.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/295905
    Series: Discussion paper series / IZA ; no. 16882
    Subjects: minimum wage; labor standards; compliance and enforcement; industrial relations
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen