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 …

workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony … power should not be neglected when analysing wage cyclicality …

collective agreements pay wages above the level stipulated in the agreement, which gives rise to a wage cushion between the … the wage cushion mainly varies with the profit situation of the plant and with indicators of labour shortage and the … business cycle. While plants bound by multi-employer sectoral agreements seem to pay wage premiums in order to overcome the …

expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement … incentives, e.g., social security wealth or health status, the steepness of the wage profile will have different incentives for …

Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage … bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German … labor market, with about two-thirds of hirings being characterized by wage posting. Wage posting dominates in the public …

Two very different approaches are used to explore the relation between market orientationand gender wage differentials … in international data. More market orientation might be relatedto gender wage gaps via its effects on competition in …