This paper analyzes how firms can use job security as an incentive mechanism. We examine how "macroeconomic job security" (measured by...

This paper compares two theories of involuntary unemployment: the efficiency-wage theory and the insider-outsider theory. We indicate...

The paper examines the implications for wage bargaining of an important aspect of the ongoing reorganization of work - the move from...

We present a theory of involuntary unemployment which explains why the unemployed workers ("outsiders") are unable or unwilling to...

The paper analyzes the contemporary organizational restructuring of production and work within firms. We emphasize the shift from a...

This paper provides a new explanation of why inflation is sluggish in response to aggregate demand shocks and why aggregate output...

The insider-outsider theory examines the behavior of economic agents in markets where some participants have more privileged postions...

In the traditional Keynesian and classical models, the transmission of product demand changes to the labor market generally involves...

Within the insider-outsider paradigm, this paper examines persistence of shocks in the labor market. We distinguish “symmetric...

This paper suggests that a union's wage demands are not merely the outcome of maximizing the union's utility function subject to a...

This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent...