The Experts below are selected from a list of 321 Experts worldwide ranked by ideXlab platform

Thomas Philippon - One of the best experts on this subject based on the ideXlab platform.

  • family firms and Labor Relations
    American Economic Journal: Macroeconomics, 2011
    Co-Authors: Holger M Mueller, Thomas Philippon
    Abstract:

    This paper examines the Relationship between family ownership and the quality of Labor Relations. We find that family ownership is more prevalent in countries in which Labor Relations are hostile, consistent with the notion that family firms are particularly effective at coping with difficult Labor Relations. Our results are robust to controlling for minority shareholder protection and other potential determinants of family ownership. To address endogeneity issues, we show that, controlling for industry- and country-fixed effects, industries that are more Labor dependent have relatively more family ownership in countries with worse Labor Relations. (JEL G32, G34, J52, J53)

  • American Economic Association Family Firms and Labor Relations Family Firms and Labor Relations1^
    Source: American Economic Journal: Macroeconomics, 2011
    Co-Authors: Holger M Mueller, Thomas Philippon
    Abstract:

    JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. This paper examines the Relationship between family ownership and the quality of Labor Relations. We find that family ownership is more prevalent in countries in which Labor Relations are hostile, consistent with the notion that family firms are particularly effective at coping with difficult Labor Relations. Our results are robust to controlling for minority shareholder protection and other potential determinants of family ownership. To address endogeneity issues, we show that, controlling for industry-and country-fixed effects, industries that are more Labor dependent have relatively more family ownership in countries with worse Labor Relations. {JEL G32, G34, J52, J53) I think the fact that I'm in the Heinz family helps make for a better climate in Labor negotiations.

  • family firms paternalism and Labor Relations
    National Bureau of Economic Research, 2006
    Co-Authors: Holger M Mueller, Thomas Philippon
    Abstract:

    Using firm-, industry-, and country-level data, we document a link between family ownership and Labor Relations. Across countries, we find that family ownership is relatively more prevalent in countries in which Labor Relations are difficult, consistent with firm-level evidence suggesting that family firms are particularly effective at coping with difficult Labor Relations. Our cross-country results are robust to controlling for minority shareholder protection and various other potential determinants of family ownership. Our results also hold if we use strike data from the 1960s to predict cross-country variation in family ownership thirty years later. We address causality in two ways. First, we instrument our measure of the quality of Labor Relations using 'Labor Origin', a variable describing the extent to which the emerging European liberal states in the 18th and 19th centuries confronted guilds and Labor organizations. Second, making use of within-country variation at the industry level, we show that - controlling for industry and country fixed effects - industries that are more Labor dependent have relatively more family ownership in countries with worse Labor Relations.

  • the quality of Labor Relations and unemployment
    National Bureau of Economic Research, 2004
    Co-Authors: Thomas Philippon, Olivier J Blanchard
    Abstract:

    In countries where wages are primarily set by collective bargaining, the effects on unemployment of changes in the economic environment depend crucially on the speed of learning of unions. This speed of learning is likely to depend in turn on the quality of the dialogue that unions have with firms, on what can more generally be called the quality of Labor Relations. In this paper, we examine the role this quality of Labor Relations has played in the evolution of unemployment across European countries over the last 30 years. We conclude that it has played an important role: Countries with worse Labor Relations have experienced higher unemployment. This conclusion remains even after controlling for Labor institutions.

Holger M Mueller - One of the best experts on this subject based on the ideXlab platform.

  • family firms and Labor Relations
    American Economic Journal: Macroeconomics, 2011
    Co-Authors: Holger M Mueller, Thomas Philippon
    Abstract:

    This paper examines the Relationship between family ownership and the quality of Labor Relations. We find that family ownership is more prevalent in countries in which Labor Relations are hostile, consistent with the notion that family firms are particularly effective at coping with difficult Labor Relations. Our results are robust to controlling for minority shareholder protection and other potential determinants of family ownership. To address endogeneity issues, we show that, controlling for industry- and country-fixed effects, industries that are more Labor dependent have relatively more family ownership in countries with worse Labor Relations. (JEL G32, G34, J52, J53)

  • American Economic Association Family Firms and Labor Relations Family Firms and Labor Relations1^
    Source: American Economic Journal: Macroeconomics, 2011
    Co-Authors: Holger M Mueller, Thomas Philippon
    Abstract:

    JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. This paper examines the Relationship between family ownership and the quality of Labor Relations. We find that family ownership is more prevalent in countries in which Labor Relations are hostile, consistent with the notion that family firms are particularly effective at coping with difficult Labor Relations. Our results are robust to controlling for minority shareholder protection and other potential determinants of family ownership. To address endogeneity issues, we show that, controlling for industry-and country-fixed effects, industries that are more Labor dependent have relatively more family ownership in countries with worse Labor Relations. {JEL G32, G34, J52, J53) I think the fact that I'm in the Heinz family helps make for a better climate in Labor negotiations.

  • family firms paternalism and Labor Relations
    National Bureau of Economic Research, 2006
    Co-Authors: Holger M Mueller, Thomas Philippon
    Abstract:

    Using firm-, industry-, and country-level data, we document a link between family ownership and Labor Relations. Across countries, we find that family ownership is relatively more prevalent in countries in which Labor Relations are difficult, consistent with firm-level evidence suggesting that family firms are particularly effective at coping with difficult Labor Relations. Our cross-country results are robust to controlling for minority shareholder protection and various other potential determinants of family ownership. Our results also hold if we use strike data from the 1960s to predict cross-country variation in family ownership thirty years later. We address causality in two ways. First, we instrument our measure of the quality of Labor Relations using 'Labor Origin', a variable describing the extent to which the emerging European liberal states in the 18th and 19th centuries confronted guilds and Labor organizations. Second, making use of within-country variation at the industry level, we show that - controlling for industry and country fixed effects - industries that are more Labor dependent have relatively more family ownership in countries with worse Labor Relations.

Liu Ping - One of the best experts on this subject based on the ideXlab platform.

Pierre Cahuc - One of the best experts on this subject based on the ideXlab platform.

  • can policy interact with culture minimum wage and the quality of Labor Relations
    National Bureau of Economic Research, 2008
    Co-Authors: Philippe Aghion, Yann Algan, Pierre Cahuc
    Abstract:

    Can public policy interfere with culture, such as beliefs and norms of cooperation? We investigate his question by evaluating the interactions between the State and the Civil Society, focusing on the Labor market. International data shows a negative correlation between union density and the quality of Labor Relations on one hand, and state regulation of the minimum wage on the other hand. To explain this relation, we develop a model of learning of the quality of Labor Relations. State regulation crowds out the possibility for workers to experiment negotiation and learn about the true cooperative nature of participants in the Labor market. This crowding out effect can give rise to multiple equilibria: a "good" equilibrium characterized by strong beliefs in cooperation, leading to high union density and low state regulation; and a "bad" equilibrium, characterized by distrustful Labor Relations, low union density and strong state regulation of the minimum wage. We then use surveys on social attitudes and unionization behavior to document the relation between minimum wage legislation and the beliefs about the scope of cooperation in the Labor market.

  • can policy influence culture minimum wage and the quality of Labor Relations
    2008 Meeting Papers, 2008
    Co-Authors: Philippe Aghion, Yann Algan, Pierre Cahuc
    Abstract:

    Can public policy affect culture, such as beliefs and norms of cooperation? We investigate this question by evaluating how state regulation of minimum wage interacts with unionization behavior and social dialogue. International data shows a negative correlation between union density and the quality of Labor Relations on one hand, and state regulation of the minimum wage on the other hand. To explain this relation, we develop a model of learning of the quality of Labor Relations. State regulation crowds out the possibility for workers to experiment negotiation and learn about the true cooperative nature of participants in the Labor market. This crowding out effect can give rise to multiple equilibria: a “good” equilibrium characterized by strong beliefs in cooperation, leading to high union density and low state regulation; and a “bad” equilibrium, characterized by distrustful Labor Relations, low union density and strong state regulation of the minimum wage. We then use surveys on social attitudes and unionization behavior to document that minimum wage legislation and union density do affect beliefs about the scope of cooperation in the Labor market.

J Ernest - One of the best experts on this subject based on the ideXlab platform.