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Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with centralized bargaining? For the case of Austria, a...
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wages. Offshoring is negatively related to the prevalence of wage markups. This also holds for the intensity of wage markups …
Persistent link: https://www.econbiz.de/10013547721
increase of base wages, annualized as the dependent variable and four dichotomous variables for a specific union, the CPI and …
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an increase in wages. Offshoring is negatively related to the prevalence of wage markups. This also holds for the …
Persistent link: https://www.econbiz.de/10014233431
representative German plant data for the years 1999-2016, we document that 70% of employers pay wages below the marginal revenue … product of labour and 30% pay wages above. We further find that the prevalence of wage mark-downs is significantly smaller … when organised labour is present and that the ratio of wages to the marginal revenue product of labour is significantly …
Persistent link: https://www.econbiz.de/10014425610
one-fifth of eastern German firms in the private sector paid wages that were higher than the collective contract wages … of the wage gap have been falling in recent years. One important explanation for firms paying higher wages can be found …
Persistent link: https://www.econbiz.de/10010509831
. The results suggest that works councils play a redistribution role in wages and a trust-building role in the other HRM …
Persistent link: https://www.econbiz.de/10011486434
Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and...
Persistent link: https://www.econbiz.de/10011413818
average by 5%. They also indicate that productivity gains associated to upstreamness are shared almost equally between wages … and profits. However, upstreamness is found to be more beneficial for workers' wages in less competitive environments …
Persistent link: https://www.econbiz.de/10011920699