exhibits some disadvantages. We compare the employment effects of industry-level and firm-level wage bargaining in a … results with respect to the employment consequences of different wage bargaining regimes. As a consequence, we argue that …This paper examines critically the system of industry-level wage bargaining in Germany. More specifically, it shows …

reform on wages and unemployment. The simulation results show that general equilibrium wage reactions tend to mitigate labour … supply effects. Moreover, the simulations indicate that substantial employment effects are to be expected only from major …