Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Policy Development and Review Department.
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| ISBN: | 1451895763
9781451895766
1281602256
9781281602251
1462352014
9781462352012
1452770441
9781452770444
9786613782946
6613782947
9781451849257
1451849257
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| Notes: | Includes bibliographical references (pages 32-34).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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.
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| Other form: | Print version: Thomas, Alun H. (Alun Huw). Costs and benefits of various wage bargaining structures. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451895766.001
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