Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999
The paper examines the implications for wage bargaining of an important aspect of the ongoing reorganization of work …, centralized bargaining becomes increasingly inefficient and detrimental to firms' profit opportunities, since it prevents firms … centralized bargaining inhibits firms from using wages to induce workers to learn how to use their experience from one set of …