equilibrium setting where wages are determined by sectoral bargaining between firms and trade unions. The model is calibrated to …

sector. Consistent with our hypotheses, the empirical results suggest that under industry-level bargaining workers in more …

of considerable job losses and bankruptcy. -- Wage insurance ; linked employer-employee data ; collective bargaining …

bargaining coverage. To address this issue, we distinguish sector-specific wage agreements, firm-specific wage agreements and … wage determination without any bargaining coverage. Our findings indicate that individual wages are positively related to …