Verfügbarkeit: The Costs and Benefits of Various Wage Bargaining Structures

The Costs and Benefits of Various Wage Bargaining Structures: An Empirical Exploration

The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment externalities. This paper uses OECD data to distinguish these...

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1. Verfasser:	Thomas, Alun H. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2002
Schriftenreihe:	IMF Working Papers Working Paper No. 02/71
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment externalities. This paper uses OECD data to distinguish these effects. While wages have become more sensitive to changes in the unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not particularly sensitive to internal factors (relative price and productivity shifts) in economies with centralized/industry-level bargaining arrangements. The latter effect dominates in terms of persistently high unemployment and weaker growth
Beschreibung:	1 Online-Ressource (35 p)
ISBN:	1451849257 9781451849257

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spelling	Thomas, Alun H. Verfasser aut The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration Thomas, Alun H Washington, D.C International Monetary Fund 2002 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/71 The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment externalities. This paper uses OECD data to distinguish these effects. While wages have become more sensitive to changes in the unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not particularly sensitive to internal factors (relative price and productivity shifts) in economies with centralized/industry-level bargaining arrangements. The latter effect dominates in terms of persistently high unemployment and weaker growth Online-Ausg http://elibrary.imf.org/view/IMF001/06858-9781451849257/06858-9781451849257/06858-9781451849257.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Thomas, Alun H. The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration
title	The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration
title_auth	The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration
title_exact_search	The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration
title_exact_search_txtP	The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration
title_full	The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration Thomas, Alun H
title_fullStr	The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration Thomas, Alun H
title_full_unstemmed	The Costs and Benefits of Various Wage Bargaining Structures An Empirical Exploration Thomas, Alun H
title_short	The Costs and Benefits of Various Wage Bargaining Structures
title_sort	the costs and benefits of various wage bargaining structures an empirical exploration
title_sub	An Empirical Exploration
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