that firm agreements exert a stronger impact on wages than on productivity, so that profitability is hampered. However … wages beyond productivity when the rents to be shared between workers and firms are relatively big. Overall, this suggests … that firm-level agreements benefit to both employers and employees - through higher productivity and wages - without being …

productivity and wages are significant but vanish almost totally, both in industry and services, when controlling for a wide range …

The rarity with which firms reduce nominal wages has been frequently observed, even in the face of considerable … incidence of wage cuts and to assess the relevance of a range of potential reasons for why they avoid cutting wages. Concerns …

productivity and wages are significant but vanish almost totally, both in industry and services, when controlling for a wide range …