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 …

This paper studies the wage differentials between the public and private sectors in Spain, as well as its distribution … across different educational levels and by gender. To do so, the well-known Oaxaca-Blinder decomposition of mincerian wage … regressions is applied for both sectors, breaking down the (public-private) wage gap into a component explained by differences in …