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 …

The theoretical result according to which the wage is higher when bargaining and efficiency wages interact, is tested … following: a) Subsequent the adoption of the 1993 Agreement, the elasticity of wages to firm profits increases from 2.6 to 3 …, those that signed the decentralised contract show higher wages, more persist- ent wage dynamics but lower variable wage …

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether … internalize the effect that past wages have on current effort level. We calibrate the model to Bulgarian data (1999-2016), and … quantify the effect of technological shocks on hours and wages in the theoretical setup. Overall, the calibrated model 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 …

. 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 …

consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that East German … data predicts ten percent lower aggregate labor productivity in East Germany …When employers face a trade-off between being large and paying low wages - and in this sense have monopsony power …