The parties involved in negotiating collective labour contracts define and follow their objectives from the perspective of interests that determine their existence. After 1989, in Romania, due to privatisation, at the companies’ level substantial changes have occurred with respect to the...

This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real...

Wage systems have an significant impact on the community and, over the years, a variety of wage policies have been used in Australia. The basic attitudes of political parties, the union movement and employer organisations are well known but public opinion has not been extensively probed. A...

Conventional wisdom regards wage regulation as uncoordinated across Europe. In relation to advanced economic integration, this implies a `suboptimal' wage area, which led to many conjectures about its consequences, ranging from disorganization of collective bargaining to adverse macro-economic...