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We argue that in labor markets with central wage bargaining wage flexibility varies systematically across the wage distribution: local wage flexibility is more relevant for the upper part of the wage distribution, and flexibility of wages negotiated under central wage bargaining affects the...
Persistent link: https://www.econbiz.de/10011442286
We argue that in labor markets with central wage bargaining wage flexibility varies systematically across the wage distribution: local wage flexibility is more relevant for the upper part of the wage distribution, and flexibility of wages negotiated under central wage bargaining affects the...
Persistent link: https://www.econbiz.de/10013428177
inequality in Belgium. Building on the model of Lee (1999) and the critique by Autor, Manning and Smith (2014), we find that … minimum wage increases in Belgium cause a two-sided compression of the wage distribution. Using wage indexation as a natural …
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