Preferences for Collective versus Individualised Wage Setting

Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination. This paper models wage rigidity and collective bargaining endogenously, when workers differ by observable skill and may adopt either individualized or collective wage bargaining. In the calibrated model, a substantial fraction of workers and firms as well as the median voter prefer collective bargaining to the decentralised regime...

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Year of publication:	2008-02-01
Authors:	Boeri, Tito ; Burda, Michael C.
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Arbeitsschutz \| Arbeitslosenquote \| Lohnstarrheit \| wage rigidity

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Extent:	543744 bytes 37 p. application/pdf
Series:	Universität Bonn - Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA) - Discussion Papers in 2008 Discussion Paper ; 3365 (2008)
Type of publication:	Book / Working Paper
Language:	English
Classification:	D7 - Analysis of Collective Decision-Making ; J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining ; J6 - Mobility, Unemployment, and Vacancies ; Ergonomic job analysis ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005860626