wage setting scenarios, we show that a two-tier bargaining scheme, where a fraction of the salary is negotiated at firm … level, raises the amount of investment per worker in the economy compared to a one-tier bargaining scheme, in which earnings … investment per worker and the presence of a two-tier bargaining agreement that we find in a representative sample of Italian …

medieval commune in the past, have higher current probabilities to adopt two-tier bargaining structures and to be unionized. We …