The Structure Of Wage Bargaining And Macroeconomic Performance
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Author | : Michael Bleaney |
Publisher | : |
Total Pages | : 14 |
Release | : 1991 |
Genre | : Economics |
ISBN | : |
Download The structure of wage bargaining and macroeconomic performance Book in PDF, Epub and Kindle
Author | : Mr.James McHugh |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 0 |
Release | : 2002-08-01 |
Genre | : Business & Economics |
ISBN | : 9781451856354 |
Download Wage Centralization, Union Bargaining, and Macroeconomic Performance Book in PDF, Epub and Kindle
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 | : |
Total Pages | : 68 |
Release | : 1993 |
Genre | : Collective bargaining |
ISBN | : |
Download Centralisation of Wage Bargaining and Macroeconomic Performance Book in PDF, Epub and Kindle
Author | : Hannu Piekkola |
Publisher | : Springer Science & Business Media |
Total Pages | : 190 |
Release | : 2005-12-06 |
Genre | : Business & Economics |
ISBN | : 3790815985 |
Download Collective Bargaining and Wage Formation Book in PDF, Epub and Kindle
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 | : |
Total Pages | : 52 |
Release | : 1992 |
Genre | : Wage bargaining |
ISBN | : |
Download Bargaining structure and economic performance in the open economy Book in PDF, Epub and Kindle
Author | : Jean-Pierre Danthine |
Publisher | : |
Total Pages | : 44 |
Release | : 1992 |
Genre | : Collective bargaining |
ISBN | : |
Download Wage Bargaining Structure, Employment and Economic Integration Book in PDF, Epub and Kindle
Analisi: INTEGRAZIONE. Economica. Teoria. ECONOMETRIA. Econometria applicata. MERCATO DEL LAVORO. Teoria.
Author | : Jørgen Elmeskov |
Publisher | : |
Total Pages | : 60 |
Release | : 1993 |
Genre | : Collective bargaining |
ISBN | : |
Download Centralisation of Wage Bargaining and Macroeconomic Performance Book in PDF, Epub and Kindle
Author | : Karl Ove Moene |
Publisher | : |
Total Pages | : 112 |
Release | : 1991 |
Genre | : Collective bargaining |
ISBN | : |
Download Bargaining Structure and Economic Performance Book in PDF, Epub and Kindle
Author | : Enrique Fatas |
Publisher | : |
Total Pages | : 0 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download Wage Bargaining Centralization and Macroeconomic Performance Book in PDF, Epub and Kindle
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 | : M. F. Bleaney |
Publisher | : |
Total Pages | : 19 |
Release | : 1993 |
Genre | : Banks and banking, Central |
ISBN | : |
Download Central Bank Independence, Wage-bargaining Structure and Macroeconomic Performance in OECD Countries Book in PDF, Epub and Kindle