Geen makke schapen.

In 1964, the Netherlands experienced an average gross wage increase of 17 percent. In the economic literature, this wage explosion is mostly explained by the contrast between labour market developments and the restrictive wage policies by the Dutch government, which until that year adhered to central, state led wage determination. Overfull employment pressured employers to circumvent and ignore government regulations, and induced trade unions to increase wage demands, which, under labour market pressure, in 1963/64 were easily and willingly met by both employers and the government. In this article, it is argued that this explanation is too one sided, as it only takes marketplace bargaining power of workers into account (the power that results directly from tight labour markets), and ignores associational power (the power that results from the formation of collective organizations of workers). Focussing on unofficial strikes in the metal industries between 1959 and 1963, it is shown that in the run up to the wage explosion, tensions between rank and file and union leadership increased, which eventually forced the leaders to change their attitude. Remnants of the post-war, but now dissolved, communist trade union “Eenheidsvakcentrale” in the Amsterdam shipbuilding industry played a pivotal role in the mobilisation for these wildcat strikes.

Inflation and Marginal Costs in Open Economies: The New Keynesian Hybrid Phillips Curve

The inclusion of the inflation rate in wage determination affects the behavior of economic actors and also positions the expected inflation as one of the main factors in determining inflation. Changes in currency parities in developing countries, which make their production dependent on imports, affect costs and prices. Moreover, changes in labor market structures resulting from free capital flows affect employment and the inflation phenomenon. This paper analyzes the current inflation, expected inflation, and output gap relations with the fuzzy linear regression method in the context of the Turkish economy, which has inflation and effective external dependency. Based on the results obtained using marginal cost instead of the output gap, policy recommendations are provided. The scope of this paper comprises the New Keynesian Hybrid Phillips curve that includes external factors. The relationship between inflation and relevant variables is statistically significant and positive, proving the fuzzy linear regression results as promising. To obtain economic stability and policy precautions, we must examine whether the use of tight monetary policies for coping with inflation leads to unemployment and whether expansionist monetary policies lead to inflation.

Introducing a Novel Revenue-Sharing Contract in Media Supply Chain Management using Data Mining and Multi-Criteria Decision-Making Methods

In recent years, we have observed stunning advances in supply chain coordination. But despite all these scientific methods, some of the businesses are still coordinating traditionally. Media supply chain, and above all its components, the cinema industry has been coordinated traditionally for years. One of the boldest problems in the media supply chain is wage determination in the cinema industry, which in it the actor’s efficiency or deficiency is not considered. It means the success or failure of the movie is nothing to do with the actor’s revenue. To address this problem, this article proposes a novel revenue-sharing coordination contract that benefits from text mining and the best-worst method. We aim to determine a fair share of profit or loss of a movie for each of its actors based on their performance and efficiency on the success or failure of the project. One of the latest movies is considered as a case study, and its lead actor’s wage for this movie is determined under this contract. The sentiment analysis technique investigated the viewers’ opinions about the movie and the actor’s performance. Since the reviewers mainly are the people who have no expertise in cinematography, they cannot discern the influence of other participants on the actor’s performance. So the proposed method used experts’ opinions through the fuzzy DEMATEL method to consider the overlapping effect besides enhancing the validity of the reviewers’ opinions.

Centralized Wage Determination and Regional Unemployment Differences: The Case of Italy

Centralized Wage Determination and Regional Unemployment Differences: The Case of Italy

Centralized Wage Determination and Regional Unemployment Differences: The Case of Italy

Centralized Wage Determination and Regional Unemployment Differences: The Case of Italy