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 … unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not …

, and Sweden. These economies represent a wide range of labor market institutions, policy responses, and outcomes to the … the interaction between the nature of the shocks and differences in the structure and institutions of each countryâ …