The recession that followed the global financial crisis and the sovereign debt crisis resulted in large falls in output and rises in unemployment across Europe. In this context, many countries implemented significant reforms of their labour market. In order to analyse the impact of labour market...

Despite declining bargaining power, unions continue to generate a wage premium. Some feel collective bargaining has had its day. Politicians on both sides of the Atlantic have recently called for the removal of bargaining rights from workers in the name of wage and employment flexibility, yet...

Evidence during the nineties about the response of real wages to shocks highlights that this response is substantially lower in European countries than in the United States and that there are important differences among European countries. Which are the reasons that explain these different...

The recession that followed the global financial crisis and the sovereign debt crisis resulted in large falls in output and rises in unemployment across Europe. In this context, many countries implemented significant reforms of their labour market. In order to analyse the impact of labour market...

Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with centralized bargaining? For the case of Austria, a...

Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and...

Repräsentative Daten des IAB-Betriebspanels für das Jahr 2002 zeigen, dass im privaten Sektor fast die Hälfte der westdeutschen, aber nicht einmal ein Fünftel der ostdeutschen Betriebe mit Tarifbindung über Tarif entlohnen. Das Ausmaß der übertariflichen Entlohnung in diesen Betrieben...

Repräsentative Daten des IAB-Betriebspanels für das Jahr 2002 zeigen, dass im privaten Sektor fast die Hälfte der westdeutschen, aber nicht einmal ein Fünftel der ostdeutschen Betriebe mit Tarifbindung über Tarif entlohnen. Das Ausmaß der übertariflichen Entlohnung in diesen Betrieben...

Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with centralized bargaining? For the case of Austria, a...