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Wage Centralization Union Bargaining And Macroeconomic Performance
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Book Synopsis Wage Centralization, Union Bargaining, and Macroeconomic Performance by : Mr.James McHugh
Download or read book Wage Centralization, Union Bargaining, and Macroeconomic Performance written by Mr.James McHugh and published by INTERNATIONAL MONETARY FUND. This book was released on 2002-08-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that centralized wage setting may offer worse outcomes, despite the existence of a negative coordination externality in decentralized wage setting. This is more likely to occur when the legal and institutional environment strengthens the bargaining position of the union in the centralized regime compared with unions operating in a more decentralized regime. Furthermore, as product markets become more competitive, the macroeconomic outcomes in both regimes converge, and the degree of wage centralization becomes irrelevant.
Book Synopsis Centralisation of Wage Bargaining and Macroeconomic Performance by : Lars Calmfors
Download or read book Centralisation of Wage Bargaining and Macroeconomic Performance written by Lars Calmfors and published by . This book was released on 1993 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Collective Bargaining and Wage Formation by : Hannu Piekkola
Download or read book Collective Bargaining and Wage Formation written by Hannu Piekkola and published by Springer Science & Business Media. This book was released on 2005-12-06 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hannu Piekkola and Kenneth Snellman ETLA, The Research Institute of the Finnish Economy, Helsinki, Finland The Labour Institute for Economic Research, Helsinki, Finland 1 The Basic Issues Wages have traditionally been agreed on collectively in Europe. The articles in this volume examine the current state of collective bargaining as well as the ch- lenges it is currently facing. The issues examined in these papers have a wide applicability to problems on the European labour markets. Torben M. Andersen and Steinar Holden review challenges from globalisation and inter-industry trade and the adaptation to a low-inflation environment. The other contributions are part of the project investigating collective bargaining in Finland, carried out by ETLA (the Research Institute of the Finnish Economy) and the Labour Institute for E- nomic Research. Some of them use results from a Finnish survey carried out by the two institutes ETLA and the Labour Institute on the views of employers and employees about labour relations and the labour market negotiation system. Bargaining systems are complex and their future development depends on their historical evolution, recent and past experiences, and the current situation in the labour market, as well as changes in the international environment. By examining the past functioning of the bargaining system one can observe how different e- ments in it have interacted with various factors in the environment of the system.
Book Synopsis Contested Economic Institutions by : Torben Iversen
Download or read book Contested Economic Institutions written by Torben Iversen and published by Cambridge University Press. This book was released on 1999-08-28 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines why some countries have much higher unemployment rates than others. Explores wage bargaining institutions, macro-economic policy regimes, and the welfare state. Argues that unemployment is the outcome of interaction between the centralization of the wage bargaining system and the character of the monetary policy regime.
Book Synopsis Trade Union Behaviour, Pay-bargaining, and Economic Performance by : Robert J. Flanagan
Download or read book Trade Union Behaviour, Pay-bargaining, and Economic Performance written by Robert J. Flanagan and published by Oxford University Press, USA. This book was released on 1993 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consists of two papers and comments thereon. The paper "Can Political Models Predict Union Behaviour?" by Professor Robert Flanagan deals with the process of policy formulation within unions. Using collective-choice analysis, examines whether and under what circumstances it is possible for union members to form a collective goal and the ability of union leaders to alter that goal. The paper " Bargaining Structure and Economic Performance" by Karl Ove Moene and Michael Wallerstein discusses the issues of the implications of the level of centralization of wage bargaining on economic performance.
Book Synopsis Unions and Collective Bargaining by : Toke Aidt
Download or read book Unions and Collective Bargaining written by Toke Aidt and published by Directions in Development. This book was released on 2002 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an extensive survey and synthesis of the economic literature on trade unions and collective bargaining and their impact on micro-and macro-economic outcomes. The authors demonstrate the effects of collective bargaining in different country settings and time periods. A comprehensive reference, this book will be of interest to students and scholars of labor policy as well as to policy makers and anyone with an interest in the economic consequences of unionism.
Book Synopsis Industrial Relations and Macroeconomic Performance by : International Monetary Fund
Download or read book Industrial Relations and Macroeconomic Performance written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-10-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the macroeconomic implications of different systems of industrial relations. After reviewing the relevant literature, and analyzing cross-country evidence, the paper focuses on the experience of centralized bargaining characterizing Spain in the period 1979-86. The paper argues, in accordance with the literature and the cross-country evidence, that the centralization of bargaining yielded positive macroeconomic effects in Spain, and thus that the shift toward a more decentralized setting after 1987 carries several risks. This conclusion is based on an empirical analysis of the wage setting process and of the evolution of labor shares in income.
Book Synopsis Negotiating Our Way Up Collective Bargaining in a Changing World of Work by : OECD
Download or read book Negotiating Our Way Up Collective Bargaining in a Changing World of Work written by OECD and published by OECD Publishing. This book was released on 2019-11-18 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collective bargaining and workers’ voice are often discussed in the past rather than in the future tense, but can they play a role in the context of a rapidly changing world of work? This report provides a comprehensive assessment of the functioning of collective bargaining systems and workers’ voice arrangements across OECD countries, and new insights on their effect on labour market performance today.
Book Synopsis Taxation, Wage Bargaining, and Unemployment by : Isabela Mares
Download or read book Taxation, Wage Bargaining, and Unemployment written by Isabela Mares and published by Cambridge University Press. This book was released on 2006-02-13 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period and why did this virtuous relationship break down during recent decades? This book provides an answer to this question, by highlighting the critical importance of a political exchange between unions and governments, premised on wage moderation in exchange for the expansion of social services and transfers. The strategies pursued by these actors in these political exchanges are influenced by existing wage bargaining institutions, the character of monetary policy and by the level and composition of social policy transfers. The book demonstrates that the gradual growth in the fiscal burden has undermined the effectiveness of this political exchange, lowering the ability of unions' wage policies to affect employment outcomes.
Book Synopsis Centralized Bargaining, Efficiency Wages, and Flexibility by : Mr.Ramana Ramaswamy
Download or read book Centralized Bargaining, Efficiency Wages, and Flexibility written by Mr.Ramana Ramaswamy and published by International Monetary Fund. This book was released on 1993-03 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main focus of the “wage bargaining” literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper appraises the following questions: (a) what are the conditions under which a firm prefers decentralized to centralized bargaining?, (b) what are the characteristic features of firms which prefer decentralized to centralized bargaining?, and (c) has the proportion of firms which prefer decentralized bargaining increased over time? These questions are examined in an efficiency wage model with insider-outsider features. This paper provides useful theoretical insights for understanding the issues involved in shifting from centralized to decentralized wage bargaining.
Book Synopsis The Costs and Benefits of Various Wage Bargaining Structures by : Alun H. Thomas
Download or read book The Costs and Benefits of Various Wage Bargaining Structures written by Alun H. Thomas and published by International Monetary Fund. This book was released on 2002-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment externalities. This paper uses OECD data to distinguish these effects. While wages have become more sensitive to changes in the unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not particularly sensitive to internal factors (relative price and productivity shifts) in economies with centralized/industry-level bargaining arrangements. The latter effect dominates in terms of persistently high unemployment and weaker growth.
Book Synopsis Spanish Pay Setting Institutions and Performance Outcomes by : Simon Milner
Download or read book Spanish Pay Setting Institutions and Performance Outcomes written by Simon Milner and published by . This book was released on 1994 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the period from 1975 to 1991.
Book Synopsis Labor Organization and Macroeconomic Performance in the OECD Countries by : Miongsei Kang
Download or read book Labor Organization and Macroeconomic Performance in the OECD Countries written by Miongsei Kang and published by . This book was released on 1995 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Centralization, Union Bargaining, and Macroeconomic Performance by : James McHugh
Download or read book Wage Centralization, Union Bargaining, and Macroeconomic Performance written by James McHugh and published by International Monetary Fund. This book was released on 2002 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis Bargaining Structure and Economic Performance by : Karl Ove Moene
Download or read book Bargaining Structure and Economic Performance written by Karl Ove Moene and published by . This book was released on 1991 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis What Do Unions Do? by : Richard B. Freeman
Download or read book What Do Unions Do? written by Richard B. Freeman and published by Basic Books. This book was released on 1985-10-01 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the impact of trade unions on working conditions and labour relations in the USA - based on a comparison of unionized workers and nonunionized workers, examines wage determination, fringe benefits, wage differentials, employment security, labour productivity, etc.; discusses trade union power and incidence of corruption among trade union officers; notes declining rate of trade unionization in the private sector. Graphs and references.
