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This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find … opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with …
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Two-tier bargaining structures, in which plant-level wage negotiations supplement industry-level wage setting, are present in a number of EU countries, as unions resist pressures for greater decentralization in wage determination. In principle, these two-tier structures could reconcile...
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