G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2964
DP2964 A Positive Theory of Geographic Mobility and Social Insurance
Fabrizio Zilibotti; John Hassler; Kjetil Storesletten; José V Rodríguez Mora
发表日期2001-09-19
出版年2001
语种英语
摘要This Paper presents a two-stage bargaining framework which reproduces the key features of the Italian bargaining system, where wage negotiations occur first at the industry and then at the firm level. The framework we propose takes into account the presence of different degrees of union bargaining power at the two levels of wage negotiations, thus generating a potential distinction between the extent of rent sharing in centralized and in decentralized collective agreements. On the basis of this distinction, the Paper focuses on the study of rent sharing in the Italian basic metal industry by analysing separately what occurs at each of the two bargaining stages. In particular, by estimating a dynamic factor model and by measuring the dynamic correlation between wage and labour productivity, we evaluate how, through the bargaining process, aggregate and idiosyncratic productivity shocks influence respectively centralized and decentralized wage negotiations. It turns out that while centralized agreements generate rent sharing, at the decentralized bargaining level union power is absent.
主题International Macroeconomics ; Labour Economics
关键词Two-stage bargaining Rent sharing Dynamic factor model Dynamic correlation analysis
URLhttps://cepr.org/publications/dp2964
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531992
推荐引用方式
GB/T 7714
Fabrizio Zilibotti,John Hassler,Kjetil Storesletten,et al. DP2964 A Positive Theory of Geographic Mobility and Social Insurance. 2001.
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