Productivity and wage effects of firm-level collective agreements: Evidence from Belgian linked panel data
How do firm-level collective agreements affect firm performance in a multi-level bargaining system? Using detailed Belgian linked employer-employee panel data, our findings show that firm agreements increase both wage costs and labour productivity (with respect to sector-level agreements). Relying o...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2019
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| Schriftenreihe: | OECD Social, Employment and Migration Working Papers
no.223 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | How do firm-level collective agreements affect firm performance in a multi-level bargaining system? Using detailed Belgian linked employer-employee panel data, our findings show that firm agreements increase both wage costs and labour productivity (with respect to sector-level agreements). Relying on a recent approach developed by Bartolucci (2014), they also indicate that firm agreements exert a stronger impact on wages than on productivity, so that on average profitability is hampered. However, this rent-sharing effect only holds in sectors where firms are more concentrated. Firm agreements are thus mainly found to raise wages beyond labour productivity when the rents to be shared between workers and firms are relatively big. Overall, this suggests that firm-level agreements benefit both employers and employees - through higher productivity and wages - without being detrimental to firms' gross profits. |
| Beschreibung: | 1 Online-Ressource (29 p.) |
| DOI: | 10.1787/132aa88e-en |
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| spelling | Garnero, Andrea VerfasserIn aut Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data Andrea, Garnero, Francois, Rycx and Isabelle, Terraz Paris OECD Publishing 2019 1 Online-Ressource (29 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Social, Employment and Migration Working Papers no.223 How do firm-level collective agreements affect firm performance in a multi-level bargaining system? Using detailed Belgian linked employer-employee panel data, our findings show that firm agreements increase both wage costs and labour productivity (with respect to sector-level agreements). Relying on a recent approach developed by Bartolucci (2014), they also indicate that firm agreements exert a stronger impact on wages than on productivity, so that on average profitability is hampered. However, this rent-sharing effect only holds in sectors where firms are more concentrated. Firm agreements are thus mainly found to raise wages beyond labour productivity when the rents to be shared between workers and firms are relatively big. Overall, this suggests that firm-level agreements benefit both employers and employees - through higher productivity and wages - without being detrimental to firms' gross profits. Employment Social Issues/Migration/Health Belgium Rycx, Francois MitwirkendeR ctb Terraz, Isabelle MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/132aa88e-en Volltext |
| spellingShingle | Garnero, Andrea Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data Employment Social Issues/Migration/Health Belgium |
| title | Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data |
| title_auth | Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data |
| title_exact_search | Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data |
| title_full | Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data Andrea, Garnero, Francois, Rycx and Isabelle, Terraz |
| title_fullStr | Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data Andrea, Garnero, Francois, Rycx and Isabelle, Terraz |
| title_full_unstemmed | Productivity and wage effects of firm-level collective agreements Evidence from Belgian linked panel data Andrea, Garnero, Francois, Rycx and Isabelle, Terraz |
| title_short | Productivity and wage effects of firm-level collective agreements |
| title_sort | productivity and wage effects of firm level collective agreements evidence from belgian linked panel data |
| title_sub | Evidence from Belgian linked panel data |
| topic | Employment Social Issues/Migration/Health Belgium |
| topic_facet | Employment Social Issues/Migration/Health Belgium |
| url | https://doi.org/10.1787/132aa88e-en |
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