The cost and benefits of collective bargaining : a survey

Abstract

Collective bargaining and dispute resolution mechanisms facilitate coordination. Coordination is increasingly seen as an influential determinant of labor market and macroeconomic performance. This paper provides a systematic review of the relevant literature with a specific focus on the role that collective bargaining plays in shaping macroeconomic performance. We focus on comparative studies of labor market institutions in the OECD area that try to disentangle the impact of different institutional approaches to collective bargaining from other determinants of macroeconomic performance.Environmental Economics&Policies,Economic Theory&Research,Labor Management and Relations,Social Protections&Assistance,Labor Standards