| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4460 |
| DP4460 Risk Sharing and EMU | |
| Jacques MELITZ | |
| 发表日期 | 2004-06-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper aims at answering the question: how does a typically 'European' bargaining system ? with collective bargaining, extension mechanisms and national minimum wage ? coexist with low unemployment rate and high wage flexibility? A unique dataset on workers, firms and collective bargaining contracts in the Portuguese economy is used to analyse the determinants of both the bargained wage and the wage drift. Results indicate that wage drift stretches the returns to every worker and firm attribute, whereas it shrinks the returns to union bargaining power. Therefore, firm-specific arrangements, in the form of wage drift, partly offset collective bargaining, granting firms a high degree of freedom when setting wages. Union bargaining power raises the overall wage level, but lowers the returns on worker attributes, an outcome of the egalitarian policy pursued. |
| 主题 | Labour Economics |
| 关键词 | Wage distribution Wage drift Union bargaining power Employer coordination |
| URL | https://cepr.org/publications/dp4460 |
| 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/533408 |
| 推荐引用方式 GB/T 7714 | Jacques MELITZ. DP4460 Risk Sharing and EMU. 2004. |
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