Fitzenberger, Bernd; Franz, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999
In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be … into the comparison, the unformly superior employment performance of a decentralized wage bargaining system is questioned … bargaining takes account of the long-run employment consequences of wage setting. …