6 research outputs found
The role of wage bargaining institutions in the Phillips curve Flattening
We investigate the role of collective wage bargaining institutions on the relationship between wage
growth and unemployment, that is, the wage Phillips curve. Based on a labour market model with
frictions and collective bargaining, we hypothesize that when the economy deteriorates, wages fall
less in parts of the economy covered by collective wage agreements negotiated by trade unions at
a centralized level than in economies with bargaining fully decentralized within companies. We
move from theory to empirical analysis using regional NUTS-2 data from European countries,
which show evidence that the wage Phillips curve flattens when unemployment is high — and gets
steeper when the labor market is overheated —, in economies where the sectoral or cross-sectoral
levels play a role in the collective wage bargaining. We also find that from a level of centralization
intermediate between the company and the sector levels, the wage Phillips curve is twice as flat.info:eu-repo/semantics/publishedVersio
Im Verein
Sie engagieren sich für den Jugendschutz, sie bilden Trainer und Vorstandsmitglieder in Fragen der Suchtprävention weiter, sie erwerben Know-how für den Umgang mit Problemen: Landauf, landab finden wir Beispiele, wie Vereine Suchtprävention in der Praxis umsetzen und was sie dazu bewegt