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International comparisons show that countries with co-ordinated wage setting generally have lower unemployment than countries with less co-ordinated wage setting. This paper argues that the monetary regime may affect whether co-ordination among many wage setters is feasible. A strict monetary...
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less wage moderation are likely to promote bargaining co-ordination and social pacts in the EMU. But such co-ordination is …-ordination of wage bargaining, such a development is improbable because of the co-ordination costs involved. If transnational co …
Persistent link: https://www.econbiz.de/10011399330
The area-wide wage agreement is at the centre of Germany s system of collective bargaining. In recent years, however …, there has been a tendency towards the decentralisation of collective bargaining. Individual wage agreements have led to more … had this moderating effect. On the other hand, collective bargaining has become more flexible. The further …
Persistent link: https://www.econbiz.de/10011511063
We analyze the questions associated with flexible outsourcing both with committed and flexible profit sharing under imperfect domestic labour markets. How does profit sharing influence flexible outsourcing? What is the relationship between outsourcing cost, profit sharing and equilibrium...
Persistent link: https://www.econbiz.de/10003749640
By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...
Persistent link: https://www.econbiz.de/10009127665
This paper examines how collective bargaining through unions and workplace co-determination through works councils …
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This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on two key assumptions: search frictions in the labor...
Persistent link: https://www.econbiz.de/10011573865