Rusinek, Michael; Rycx, François - Nationale Bank van België/Banque national de Belqique (BNB) - 2008
In many European countries, the majority of workers have their wage rates determined directly by industry …-level agreements. For some workers, industry agreements are supplemented by firm-specific agreements. Yet, the relative importance of … decentralised than in centralised industries, even when controlling for the endogeneity of profits, for heterogeneity among workers …