efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …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 …

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

efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …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 …

can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a … survey of 801 firms strong support has been found for explanations based on collective wage agreements and on efficency wages … quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany …

efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …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 …

productivity of a firm, the more likely it is to opt for centralized wage formation where it can hide behind less productive firms … setting due to labor cost and straitjacket effects. As firms in Germany are allowed to choose their wage formation regime, we … test these two hypotheses with representative establishment data for West Germany. We find that establishments with …

bargaining. But it is not always true that equilibrium wages exceed those under individual bargaining. If unemployment benefits … are sufficiently low, collectively bargained wages are smaller. The theory sheds new light on policies concerned with …

. The model predicts that the higher the level of rigidity in wages and hours the lower are GDP per capita, employment, part … rigidity in wages and hours and a high level of income taxation has higher GDP per hour and lower GDP per capita than a country …

, dass die geringen Differenzierungsmöglichkeiten des deutschen Systems relativ zentralisierter Tarifverhandlungen einen … one-fifth of eastern German firms in the private sector paid wages that were higher than the collective contract wages … of the wage gap have been falling in recent years. One important explanation for firms paying higher wages can be found …