References of "Wigger, Berthold U"
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See detailNational minimum wages, capital mobility, and global economic growth
Irmen, Andreas UL; Wigger, Berthold U.

in Economics Letters (2006), 90(2), 285-289

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and ... [more ▼]

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether national minimum wages are a stimulus or an obstacle to growth. Technology matters because it determines the functional distribution of global income as well as output effects associated with the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities do not only affect the strength of the growth effect associated with minimum wages but may even determine its direction.<P>(This abstract was borrowed from another version of this item.) [less ▲]

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See detailTrade Union Objectives and Economic Growth
Irmen, Andreas UL; Wigger, Berthold U.

in FinanzArchiv: Public Finance Analysis (2002), 59(1), 49-

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers ... [more ▼]

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an overlapping generations framework with unionized labor. Considering a monopoly union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate technology so that the union's policy spurs per capita income growth. However, the union's policy cannot lead to a Pareto-improvement. [less ▲]

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