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Author: Michael Bleaney
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 14
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Author: Michael Bleaney
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 14
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Author: Mr.James McHugh
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451856354
Category : Business & Economics
Languages : en
Pages : 0
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This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that centralized wage setting may offer worse outcomes, despite the existence of a negative coordination externality in decentralized wage setting. This is more likely to occur when the legal and institutional environment strengthens the bargaining position of the union in the centralized regime compared with unions operating in a more decentralized regime. Furthermore, as product markets become more competitive, the macroeconomic outcomes in both regimes converge, and the degree of wage centralization becomes irrelevant.
Author: Lars Calmfors
Publisher:
ISBN:
Category : Collective bargaining
Languages : en
Pages : 68
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Author: Hannu Piekkola
Publisher: Springer Science & Business Media
ISBN: 3790815985
Category : Business & Economics
Languages : en
Pages : 190
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Hannu Piekkola and Kenneth Snellman ETLA, The Research Institute of the Finnish Economy, Helsinki, Finland The Labour Institute for Economic Research, Helsinki, Finland 1 The Basic Issues Wages have traditionally been agreed on collectively in Europe. The articles in this volume examine the current state of collective bargaining as well as the ch- lenges it is currently facing. The issues examined in these papers have a wide applicability to problems on the European labour markets. Torben M. Andersen and Steinar Holden review challenges from globalisation and inter-industry trade and the adaptation to a low-inflation environment. The other contributions are part of the project investigating collective bargaining in Finland, carried out by ETLA (the Research Institute of the Finnish Economy) and the Labour Institute for E- nomic Research. Some of them use results from a Finnish survey carried out by the two institutes ETLA and the Labour Institute on the views of employers and employees about labour relations and the labour market negotiation system. Bargaining systems are complex and their future development depends on their historical evolution, recent and past experiences, and the current situation in the labour market, as well as changes in the international environment. By examining the past functioning of the bargaining system one can observe how different e- ments in it have interacted with various factors in the environment of the system.
Author: Martín Rama
Publisher:
ISBN:
Category : Wage bargaining
Languages : en
Pages : 52
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Author: Jean-Pierre Danthine
Publisher:
ISBN:
Category : Collective bargaining
Languages : en
Pages : 44
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Analisi: INTEGRAZIONE. Economica. Teoria. ECONOMETRIA. Econometria applicata. MERCATO DEL LAVORO. Teoria.
Author: Enrique Fatas
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This paper experimentally analyzes the effect of wage bargaining centralization (WBC) on macroeconomic performance. Our theoretical benchmark comes from that developed by Cukierman and Lippi (1999) to investigate the joint effects of monetary policy and labor market institutions on unemployment and inflation. We focus on the implications of two well known effects related to the degree of WBC: the competitive effect and the strategic effect. To do so we established a simple wage setting mechanism based on the existence of assorted levels of WBC measured by the number of unions in the labor market. In the three control treatments, unions' welfare and monetary rewards depend only on unemployment and wages, so wage pressures are expected to diminish with the level of centralization. In the other three treatments (the strategic treatments) subjects tackle both the competitive and the strategic effect as the rate of inflation affect union's utility and subject's experimental rewards. Our results show that (i) as wages are significantly higher in the control treatments than in the strategic ones, the strategic effect seems to work in the way described by our theoretical model; (ii) nevertheless, the strategic effect does not fully operate according to the theoretical forecast, as lower levels of WBC, for which competitive effect dominates, offer a better macroeconomic performance.
Author: Jørgen Elmeskov
Publisher:
ISBN:
Category : Collective bargaining
Languages : en
Pages : 60
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Author: Karl Ove Moene
Publisher:
ISBN:
Category : Collective bargaining
Languages : en
Pages : 112
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Author: Filip Abraham
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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