Hidden Bibliographic Details
| Other authors / contributors: | Rowthorn, Bob, author.
International Monetary Fund. European I Department, issuing body.
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| ISBN: | 1455290718
9781455290710
1281990167
9781281990167
1462378323
9781462378326
1455223220
9781455223220
9786613794598
6613794597
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| Notes: | Includes bibliographical references (pages 20-22).
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: | Annotation 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.
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| Other form: | Print version: Ramaswamy, Ramana. Centralized bargaining, efficiency wages, and flexibility. [Washington, D.C.?] : International Monetary Fund, [1993]
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