Search results for " wage bargaining"

showing 3 items of 3 documents

Wage Cyclicality under Different Regimes of Industrial Relations

2010

Since there is scant evidence on the role of industrial relations in wage cyclicality, this paper analyzes the effect of collective wage contracts and of works councils on real wage growth. Using linked employer-employee data for western Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to positive and negative economic shocks are not always symmetric. Only under sectoral bargaining there is a (nearly symmetric) reaction to rising and falling unemployment. In contrast, wage growth in establishments without collective bargaining adjusts only to falling unemployment and is unaffected by rising unemployment.

Organizational Behavior and Human Resource ManagementLabour economicsReallohnKonjunkturStrategy and Managementmedia_common.quotation_subjectwage cyclicality wage bargaining works council GermanyWageTarifpolitikwage bargainingCollective bargainingManagement of Technology and InnovationEfficiency wageGermanyEconomicsddc:330J31J53Industrial relationsDeutschlandmedia_commonE32Mitbestimmungjel:E32works counciljel:J31jel:J53Arbeitsbeziehungenwage cyclicalityIndustrial relationsUnemploymentWage growthwage cyclicalitywage bargainingworks councilGermanySchätzung
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Current Accounts and Coordination of Wage Bargaining

2018

This study provides novel evidence on the impact of labor market institutions on current account dynamics. Our results suggest that a high degree of coordination of wage bargaining has a positive effect on the current account balance over the long run. This result is not driven entirely by wage moderation induced by centralized wage setting. We also provide robust evidence that a high degree of coordination of wage bargaining is associated with a slower current account adjustment toward its long-run equilibrium. This result seems theoretically plausible; the aggregate shocks in the exporting sector are largely driven by idiosyncratic shocks and the presence of idiosyncratic shocks increases…

coordination of wage bargainingexchange rate adjustmentFlexibility (engineering)Economics and Econometricscurrent account balance050208 financetyömarkkinasopimuksetmedia_common.quotation_subjectvaihtotase05 social sciencesWagecurrent account dynamicstyömarkkinatCurrent accountMonetary economicsModerationpalkat0502 economics and businessEconomics050207 economicstyömarkkinajärjestötWage bargainingmedia_commonSSRN Electronic Journal
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Essays on current account imbalances

2017

Global current account imbalances and intra-euro area imbalances have been at the forefront of academic and policy debates for the last ten years. This thesis examines the determinants of current account balances and external adjustment. It consists of an introduction and four empirical studies. This thesis highlights the importance of institutional factors such as differences in national cultures and cross-country differences in the coordination of wage bargaining on external balances. The first study investigates the effects of deep determinants on current account balances. The point estimates are economically and statistically significant, suggesting that countries populated by Roman Cat…

coordination of wage bargainingkauppatasekilpailukykytalousalueetpaikallinen sopiminenvaihtotasetrade balancecurrent account dynamicstyömarkkinapolitiikkatyöehtosopimuksetculturevientipalkatkulttuurierotkansainvälinen talousinstitutionskulttuurialueetcurrent accountkansantalousEuropean Monetary Unionuskonto
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