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Facts and Fantasies about Wage Setting and Collective Bargaining

Bhuller, Manudeep; Moene, Karl Ove; Mogstad, Magne; … - National Bureau of Economic Research - 2022

In this article, we document and discuss salient features of collective bargaining systems in the OECD countries, with the goal of debunking some misconceptions and myths and revitalizing the general interest in wage setting and collective bargaining. We hope that such an interest may help close...

Persistent link: https://www.econbiz.de/10013388793

The Value of Worker Rights in Collective Bargaining

Arold, Benjamin W.; Ash, Elliott; MacLeod, William Bentley - National Bureau of Economic Research - 2025

This paper proposes novel natural language methods to measure worker rights from collective bargaining agreements (CBAs) for use in empirical economic analysis. Applying unsupervised text-as-data algorithms to a new collection of 30,000 CBAs from Canada in the period 1986-2015, we parse legal...

Persistent link: https://www.econbiz.de/10015361481

Union Bargaining Power and the Amenity-Wage Tradeoff

Lagos, Lorenzo - National Bureau of Economic Research - 2025

estimate the effects of union bargaining power. Strengthening unions raises wages and amenities without reducing employment …

Persistent link: https://www.econbiz.de/10015450941

The Regulation of Labor

Djankov, Simeon - 2003

We investigate the regulation of labor markets through employment laws, collective bargaining laws, and social security laws in 85 countries. We find that richer countries regulate labor less than poorer countries do, although they have more generous social security systems. The political power...

Persistent link: https://www.econbiz.de/10012468942

The German Model of Industrial Relations : Balancing Flexibility and Collective Action

Jäger, Simon; Noy, Shakked; Schoefer, Benjamin - National Bureau of Economic Research - 2022

We give an overview of the "German model" of industrial relations. We organize our review by focusing on the two pillars of the model: sectoral collective bargaining and firm-level codetermination. Relative to the United States, Germany outsources collective bargaining to the sectoral level,...

Persistent link: https://www.econbiz.de/10013362031

Bargaining and Inequality in the Labor Market

Caldwell, Sydnee; Haegele, Ingrid; Heining, Jörg - National Bureau of Economic Research - 2025

We use novel surveys of firms and workers, linked to administrative employer-employee data, to study the prevalence and importance of individual bargaining in wage determination. We show that simple survey questions accurately elicit firms' bargaining strategies. Using the elicited strategies...

Persistent link: https://www.econbiz.de/10015195042

Wealth Inequality, Labor Market Arrangements and the Secular Decline in the Real Interest Rate

Donaldson, John B.; Kim, Hyung Seok; Mehra, Rajnish - National Bureau of Economic Research - 2025

We develop a dynamic macroeconomic model in which the secular decline in real interest rates arises endogenously from rising wealth inequality. Challenging the standard "safe asset shortage" hypothesis, the model shows how falling real rates can coexist with a stable safe asset ratio--closely...

Persistent link: https://www.econbiz.de/10015438241

Opting Out of Centralized Collective Bargaining : Evidence from Italy

Dustmann, Christian; Giannetto, Chiara; Incoronato, Lorenzo - National Bureau of Economic Research - 2025

This paper presents micro-empirical evidence on the effects of wage-setting decentralization. Our setting is Italy, where employers are required to comply with occupation- and industry-specific wage floors set by national collective bargaining agreements. We show that opting out of these...

Persistent link: https://www.econbiz.de/10015438300

What Do (Thousands of) Unions Do? Union-Specific Pay Premia and Inequality

Derenoncourt, Ellora; Gerard, François; Lagos, Lorenzo; … - National Bureau of Economic Research - 2025

We study the role of union heterogeneity in shaping wages and inequality among unionized workers. Using linked employer …-employee data from Brazil and job moves across multi-firm unions, we estimate over 4,800 union-specific pay premia. Unions explain 3 …-4% of earnings variation. While unions raise wages on average, the standard deviation in union effects is large (6 …

Persistent link: https://www.econbiz.de/10015450894

Intra Firm Bargaining and Shapley Values

Brügemann, Björn - 2015

The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in...

Persistent link: https://www.econbiz.de/10012457160